Pranita Powerloom Coop.Soc.Ltd vs State Of Maharashtra And Ors

The Supreme Court addressed the validity of the cancellation of land acquisition for Ichalkaranji Industrial Cooperative Society under the Maharashtra Cooperative Societies Act. The Court held that the cancellation order was arbitrary and violated principles of natural justice, emphasizing that the Society had a legitimate expectation based on prior assurances and investments made for the industrial estate. The Court reinstated the acquisition process, affirming the Society's rights to the land in question.