Prakash R. Gupta vs Lonavala Municipal Council & Ors

The Supreme Court held that under Section 127 of the Maharashtra Regional and Town Planning Act, 1966, if land reserved for a purpose is not acquired within ten years, the reservation lapses. The Court found that the appellant's land was not acquired within the stipulated time and that the High Court's reliance on Section 49 was misplaced. Consequently, the Court allowed the appeal, set aside the High Court's judgment, and directed the release of the land in favor of the appellant.