https://www.taxtmi.com/caselaws?id=171355 The SC dismissed the appeals and upheld the HC, holding the acquisition invalid due to significant procedural lapses and non-compliance with Section 5-A. The Court ruled that declarations of public purpose are subject to judicial review of the decision-making process, that objections under Section 5-A must be effectively considered and reasons for rejecting objections must exist on the record, and that mere post-hoc affidavits cannot supply absent reasons. Because the State failed to preserve or produce proper records and apply its mind, the acquisition for a state-controlled corporation was set aside. en-us Tue, 20 Sep 2005 00:00:00 +0530 Tue, 16 Sep 2025 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171355 The SC dismissed the appeals and upheld the HC, holding the acquisition invalid due to significant procedural lapses and non-compliance with Section 5-A. The Court ruled that declarations of public purpose are subject to judicial review of the decision-making process, that objections under Section 5-A must be effectively considered and reasons for rejecting objections must exist on the record, and that mere post-hoc affidavits cannot supply absent reasons. Because the State failed to preserve or produce proper records and apply its mind, the acquisition for a state-controlled corporation was set aside. Case-Laws Indian Laws Tue, 20 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171355