Rule is made returnable

Rule is made returnable forthwith. Heard both the sides finally with consent at the admission stage. The petitioners are approaching this Court for the relief of declaration that the reservation stands lapsed under Section 127 of the Maharashtra Regional and Town Planning Act 1966 (for the sake of brevity and convenience hereinafter referred as to the Act) and for consequential direction to issue notification under Section 127(2) of the Act and to issue development permission to the petitioners.