https://www.taxtmi.com/caselaws?id=106564 Judicial review of economic disinvestment policy is confined to illegality, constitutional violation, mala fides, or patent arbitrariness; a bona fide decision reached through an informed process is not open to merits review. Employees affected as a class have no general right to prior notice, hearing, or consultation before implementation of such policy, while statutory labour protections continue. A change in corporate shareholding or management does not itself constitute a fresh transfer of land held by the company. Public interest litigation cannot ordinarily challenge economic policy at the instance of an unaggrieved stranger, and writ challenges to show-cause notices may be declined where effective statutory remedies exist. en-us Mon, 10 Dec 2001 00:00:00 +0530 Wed, 01 Oct 2025 22:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106564 Judicial review of economic disinvestment policy is confined to illegality, constitutional violation, mala fides, or patent arbitrariness; a bona fide decision reached through an informed process is not open to merits review. Employees affected as a class have no general right to prior notice, hearing, or consultation before implementation of such policy, while statutory labour protections continue. A change in corporate shareholding or management does not itself constitute a fresh transfer of land held by the company. Public interest litigation cannot ordinarily challenge economic policy at the instance of an unaggrieved stranger, and writ challenges to show-cause notices may be declined where effective statutory remedies exist. Case-Laws Companies Law Mon, 10 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106564