Binding Nature of Possession Receipts and TDR Choices Under the MRTP Act

Highlights of the Judgment:
- Detailed interpretation of Section 126(1)(b) of the MRTP Act regarding land acquisition through agreement and FSI/TDR compensation.
- Application of Sections 2 and 10 of the Indian Contract Act, 1872, in establishing a concluded contract via possession receipts.
- Examination of whether landowners can unilaterally resile from mutually agreed FSI/TDR terms to demand monetary compensation.
- Analysis of judicial limitations against rewriting unambiguous contractual obligations between parties in writ jurisdiction.
- Differentiation between coercive acquisition and consensual statutory agreements under urban planning frameworks.