Case Law Analysis
|Karnataka High Court
KIADB Regulation 10(d) | No Section 34-B Notice Required for Cancellation of Allotment Due to Non-Execution of Lease-Cum-Sale Agreement : Karnataka HC
The Karnataka High Court ruled that failure to execute a lease-cum-sale agreement within the stipulated time automatically triggers cancellation of land allotment under Regulation 10(d) of KIADB Regulations, rendering notice under Section 34-B of the KIAD Act unnecessary. This clarifies that regulatory timelines override procedural safeguards in land allotment, directly impacting developers, banks, and industrial investors relying on conditional allotments.