PRAKASH R. GUPTA vs LONAVALA MUNICIPAL COUNCIL .

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 period, and the notice served by the appellant was not acted upon, leading to the conclusion that the reservation had lapsed. The Court set aside the High Court's judgment which incorrectly applied Section 49 of the Act, and directed the release of the land in favor of the appellant.