https://www.taxtmi.com/caselaws?id=294626 The High Court dismissed both writ petitions challenging the U.P. Sugar Undertakings (Acquisition) (Amendment) Act, 2009 and the privatization of UPSSCL units. The court found the challenged sections of the Amendment Act ultra vires but upheld other provisions. It approved the Swiss Challenge Method for the sale of sugar mills, rejecting claims of flawed valuation. The petitioner was accused of misleading the court, emphasizing the consequences of fraud. Judicial propriety was highlighted, with the court refusing to entertain petitions already before the Supreme Court. The dismissal upheld the Swiss Challenge Method and privatization pending final Supreme Court adjudication. en-us Sat, 20 Aug 2016 00:00:00 +0530 Fri, 23 Apr 2021 21:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294626 The High Court dismissed both writ petitions challenging the U.P. Sugar Undertakings (Acquisition) (Amendment) Act, 2009 and the privatization of UPSSCL units. The court found the challenged sections of the Amendment Act ultra vires but upheld other provisions. It approved the Swiss Challenge Method for the sale of sugar mills, rejecting claims of flawed valuation. The petitioner was accused of misleading the court, emphasizing the consequences of fraud. Judicial propriety was highlighted, with the court refusing to entertain petitions already before the Supreme Court. The dismissal upheld the Swiss Challenge Method and privatization pending final Supreme Court adjudication. Case-Laws Indian Laws Sat, 20 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294626