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Issues: Whether the petitioners had any enforceable right or locus standi to claim financial assistance from the Steel Development Fund and to challenge its utilisation in favour of main steel plants; and whether special leave under Article 136 should be granted.
Analysis: The Steel Development Fund was created under administrative arrangements linked to the Iron and Steel (Control) Order, 1956, and its corpus arose from contributions by member main steel plants during the period of price control. The petitioners were not members of the Joint Plant Committee, had not contributed to the fund, and commenced production after contributions had already been discontinued. The fund was intended for use by the member steel plants for modernisation, research and development, and related purposes, and the petitioners, as a private sector entrant outside that structure, could not claim parity or an independent right to compel its utilisation in their favour. In these circumstances, no case was made out for interference under Article 136.
Conclusion: The petitioners had no enforceable right to the Steel Development Fund, and leave to appeal was rightly refused.
Final Conclusion: The challenge to the High Court's view failed, and the Supreme Court declined to interfere with the dismissal of the writ proceedings.
Ratio Decidendi: A party that neither contributes to nor forms part of the statutory or administrative scheme governing a specialised fund has no enforceable claim to its corpus or utilisation, particularly where the fund is earmarked for a defined class of beneficiaries.