Home Case Index All Cases Indian Laws Indian Laws + HC Indian Laws - 2018 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (12) TMI 1607 - HC - Indian LawsDivestment in shares - Reduction of Government's shareholding in IDBI Ltd. below 51% - appellant had also sought a direction that the Life Insurance Corporation of India should not acquire the controlling stake of 51% in the IDBI Ltd - Held that:- The Supreme Court has, in catena of judgments, reiterated that in matters of policymaking, the courts would normally not interfere, until and unless it is categorically shown that the exercise of legislative judgment appears to be palpably arbitrary. A Court cannot strike down a policy decision taken by the Government merely because it feel that another policy would have been fairer or wiser or more scientific or logical. It is not within the domain of the Court to weigh the pros and cons of the policy or to test the degree of its beneficial or equitable dispossession. Appeal dismissed.
|