https://www.taxtmi.com/caselaws?id=102501 A bona fide State decision to disinvest a chronically loss-making Government company, taken in public interest, is not ordinarily open to judicial restraint. Employees of a Government company are not Government servants and have no vested right to insist that the State continue ownership or control. Articles 14 and 16 do not require the State to retain employment under it, and Article 19(1)(g) does not protect a right to continue in a particular establishment. In the absence of mala fides, arbitrariness, or constitutional or statutory violation, the policy choice cannot be substituted by the court, and employees retain access to legal remedies despite disinvestment. en-us Wed, 15 Jun 1994 00:00:00 +0530 Wed, 15 Feb 2012 11:30:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102501 A bona fide State decision to disinvest a chronically loss-making Government company, taken in public interest, is not ordinarily open to judicial restraint. Employees of a Government company are not Government servants and have no vested right to insist that the State continue ownership or control. Articles 14 and 16 do not require the State to retain employment under it, and Article 19(1)(g) does not protect a right to continue in a particular establishment. In the absence of mala fides, arbitrariness, or constitutional or statutory violation, the policy choice cannot be substituted by the court, and employees retain access to legal remedies despite disinvestment. Case-Laws Companies Law Wed, 15 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102501