Case Law Analysis
|Bombay High Court
Section 34 Arbitration Act | MOU Without NOC or Registration Cannot Vest Development Rights in Government Land : Bombay HC
The Bombay High Court has ruled that a Memorandum of Understanding lacking a No Objection Certificate from the Collector and formal registration cannot create any vested interest in government land for redevelopment, even if partial payment has been made. This clarifies that mere intent to enter a future development agreement does not equate to enforceable contractual rights under the Arbitration Act, impacting developers and housing societies relying on informal arrangements.