https://www.taxtmi.com/caselaws?id=157098 Renewal of charter/lease permits was denied under a changed Government policy prohibiting renewal/extension, raising issues of legitimate expectation/promissory estoppel and the reasonableness of the restriction. The SC held that while renewal is a valuable right, it can be refused for overriding public interest, and neither legitimate expectation nor promissory estoppel can compel renewal against a conscious policy decision absent statutory compulsion; public interest prevails over private interest. The SC further held that reasonableness must be judged objectively from the standpoint of general public interest, and a restriction is not unreasonable merely because it operates harshly. Consequently, the HC's direction to consider renewal as contrary to statute was set aside and the appeals were allowed. en-us Wed, 07 May 2003 00:00:00 +0530 Mon, 29 Dec 2025 00:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157098 Renewal of charter/lease permits was denied under a changed Government policy prohibiting renewal/extension, raising issues of legitimate expectation/promissory estoppel and the reasonableness of the restriction. The SC held that while renewal is a valuable right, it can be refused for overriding public interest, and neither legitimate expectation nor promissory estoppel can compel renewal against a conscious policy decision absent statutory compulsion; public interest prevails over private interest. The SC further held that reasonableness must be judged objectively from the standpoint of general public interest, and a restriction is not unreasonable merely because it operates harshly. Consequently, the HC's direction to consider renewal as contrary to statute was set aside and the appeals were allowed. Case-Laws Indian Laws Wed, 07 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157098