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Issues: Whether the interim injunction restraining newspaper publication on the legality and validity of consents, approvals and permissions relating to the debenture issue should continue.
Analysis: The injunction was sought to prevent publication said to prejudice proceedings pending before the Court and to protect the administration of justice. The Court balanced the freedom of speech and expression and freedom of the press under Article 19(1)(a) against the permissible restrictions in Article 19(2), including contempt of court. Applying the test of real and imminent danger and balance of convenience, the Court held that preventive restraint on publication is justified only where the apprehended prejudice is substantial and immediate. Once the debenture issue had been oversubscribed and the immediate risk of withdrawal of subscriptions had diminished, the apprehension that publication would frustrate the issue was no longer strong enough to justify continued restraint.
Conclusion: The injunction was held to be unnecessary any further and was not continued.