In Brief
Landowners challenged the reservation of their property under a Town Planning Scheme after claiming it had lapsed under Section 127 of the Maharashtra Regional and Town Planning Act following a ten-year period without acquisition. The Supreme Court held that Section 127's lapsing provision applies only to lands reserved under Development Plans, not to those under Town Planning Schemes. Town Planning Schemes constitute a self-contained framework under Chapter V, where compensation determined by an arbitrator constitutes acquisition. The Court affirmed the High Court's dismissal, finding no grounds to quash the reservation.
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