PRANITA POWERLOOM COOP.SOC.LTD. vs STATE OF MAHARASHTRA .

The Supreme Court addressed the validity of the cancellation of land acquisition for Ichalkaranji Industrial Cooperative Estate under the Maharashtra Cooperative Societies Act. The Court held that the Society, established for industrial development, had a legitimate expectation based on prior assurances and investments made in the land. The cancellation order was deemed arbitrary and unjustified, leading to the reinstatement of the acquisition process in favor of the Society.