SATELLITE DEVELOPERS LTD. vs THE STATE OF MAHARASHTRA .

The Supreme Court ruled that under Section 127 of the Maharashtra Regional and Town Planning Act, 1966, if land reserved for development is not acquired within ten years, the reservation lapses. The Court held that the appellant's notice served on February 6, 2003, was valid, and the subsequent actions by the Municipal Corporation did not comply with the statutory requirements, leading to the conclusion that the reservation had lapsed. Consequently, the appellant is entitled to develop the land as per the relevant plans.