Failure to Develop Industrial Plot Within Stipulated Time Justifies Lease Cancellation: Supreme Court Dismisses Piaggio’s Appeal Against UPSIDA

The Supreme Court of India has upheld the cancellation of a 33-acre industrial lease in Gautam Budh Nagar, ruling that the failure of an allottee to raise construction and commence production within the mandated timeframe justifies the forfeiture of the plot. A three-judge bench comprising Justice Vikram Nath, Justice Sandeep Mehta, and Justice N.V. Anjaria

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