Will A Company Become State Instrumentality Under Article 12 If Its Shares Are Held By PSUs? Supreme Court To Consider
8 months, 1 week ago

Will A Company Become State Instrumentality Under Article 12 If Its Shares Are Held By PSUs? Supreme Court To Consider

Live Law  

The Supreme Court has agreed to examine the question whether a company in which the shares are held by various Public Sector Undertakings, would be an instrumentality of the State, under Article 12 of the Constitution.The issue arose in a petition filed by the Kerala Industrial and Technical Consultancy Organisation challenging a judgment of the Kerala High Court that KITCO would. The issue arose in a petition filed by the Kerala Industrial and Technical Consultancy Organisation challenging a judgment of the Kerala High Court that KITCO would come under the definition of "State" under Article 12 of the Constitution as an instrumentality of the State. However, the Supreme Court has issued notice on a Special Leave Petition challenging the MP High Court's judgment in Shanti Construction v. Avantika Gas Limited & Ors. "The basic issue in these cases is whether a company where the shares are held by various Public Sector Undertakings, would be an instrumentality of the State, under Article 12 of the Constitution or not," the bench comprising Justices Hrishikesh Roy and Prashant Kumar Mishra observed.

History of this topic

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