https://www.taxtmi.com/caselaws?id=173718 Rights created by government orders and contracts to tap, collect, transport, process and deal with resin were treated as property protected by the Constitution. The Court applied the principle that transferable beneficial interests and contractual interests may amount to property, and held that the impugned provisions went beyond regulation because they destroyed existing rights and vested the subject matter in the State and its company. As no compensation was provided, the deprivation amounted to compulsory acquisition. Article 31(2A) did not save the statute because the effect was not mere extinguishment without transfer, but vesting of rights in the State. en-us Fri, 12 May 1989 00:00:00 +0530 Mon, 21 Sep 2015 16:47:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173718 Rights created by government orders and contracts to tap, collect, transport, process and deal with resin were treated as property protected by the Constitution. The Court applied the principle that transferable beneficial interests and contractual interests may amount to property, and held that the impugned provisions went beyond regulation because they destroyed existing rights and vested the subject matter in the State and its company. As no compensation was provided, the deprivation amounted to compulsory acquisition. Article 31(2A) did not save the statute because the effect was not mere extinguishment without transfer, but vesting of rights in the State. Case-Laws Indian Laws Fri, 12 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173718