State cannot seize every private property for 'common good', says SC

Quick Summary:

The bench comprising Chief Justice of India DY Chandrachud, Justices Hrishikesh Roy, JB Pardiwala, Manoj Misra, Rajesh Bindal, Satish Chandra Sharma, and Augustine George Masih gave the majority opinion, while Justice BV Nagarathna partially concurred, and Justice Dhulia dissented.

The court had earlier remarked that holding every private resource of an individual as part of the material resources of the community would be far-fetched and could deter investors who may question the level of protection they would receive.

Taking exception to this, Justice Nagarathna said, "Regardless, on a conspectus understanding of all contributing factors, such as the discussions in the Constituent Assembly and the tide of the times that found in the broad house of economic democracy a legitimate state policy, can we castigate former judges and allege them with ‘disservice’ only for reaching a particular interpretive outcome?

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Category: BusinessFinance

Markets: India

Topics: Property ownership Private property Material resources of the community Supreme Court

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 17:35:05 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 875 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23430018

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