Poona Timber Merchants & Saw Mill Owners ... vs State Of Maharashtra & Ors

The Supreme Court examined the interpretation of Section 127 of the Maharashtra Regional and Town Planning Act, 1966, determining that the lapse of land reservation occurs if the land is not acquired or steps for acquisition are not initiated within six months of notice. The Court held that the authority under the MRTP Act must apply to the State Government for acquisition under the Land Acquisition Act to prevent lapse. The judgment clarified the harmonious reading of Sections 126 and 127, affirming the High Court's decision regarding the lapse of designation for certain lands in Pune.