https://www.taxtmi.com/caselaws?id=238396 The Supreme Court dismissed the Writ Petition challenging the divestment of 10% equity of Coal India Limited in 2010. The Court found that the IPO process was conducted transparently in compliance with SEBI regulations. The valuation methodologies used were deemed appropriate, and the price band set for the equity sale was considered fair. The Court emphasized limited interference in government economic policies unless grossly arbitrary, unfair, or unconstitutional, leading to the rejection of the petition under Article 32 of the Constitution of India. en-us Mon, 05 Aug 2013 00:00:00 +0530 Tue, 22 Oct 2013 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238396 The Supreme Court dismissed the Writ Petition challenging the divestment of 10% equity of Coal India Limited in 2010. The Court found that the IPO process was conducted transparently in compliance with SEBI regulations. The valuation methodologies used were deemed appropriate, and the price band set for the equity sale was considered fair. The Court emphasized limited interference in government economic policies unless grossly arbitrary, unfair, or unconstitutional, leading to the rejection of the petition under Article 32 of the Constitution of India. Case-Laws Companies Law Mon, 05 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238396