Supreme Court · 2001 INSC 601 · Decided 10 December 2001
Balco Employees Union (REGD.) v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 2001 INSC 601 · [2001] SUPP. 5 S.C.R. 511
- Case number
- TRANSFER PETITION (CIVIL) No. 8/2001
- Decided
- 10 December 2001
- Bench
- B.N. KIRPAL, SHIVARAJ V. PATIL, P. VENKATARAMA REDDI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 12, 14, 16, 32; Companies Act; Land Revenue Code
Headnote
Disinvestnzent: Disinvestment of 51% equity qf Balco, a Public Sector Undertaking, by Central Govemnient to a Strategic Partner and transfer o,fnranagement thereof­ Amenability to Judicial Review-Held, it is cm ec~nomic policy decision qf the Govenunent and hence not tunenable to judicial of workers' rights and interests-Availability of under the D Constitution-Held, not available-Hoivever, on .facts, st~{ficient sqfeguards anl/ protection are built in various agree111ents entered into with the Strategic Partner besides availability of protection under existing
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