Supreme Court Rules Promissory Estoppel Doesn't Prevent Scheme Changes in Kutch Economic Revival Case.

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....Doctrine of Promissory Estoppel - withdrawal of scheme for revival of economy in Kutch District - Such an exemption by its very nature is susceptible of being revoked or modified or subjected to other conditions. - The respective High Courts have committed a grave error in quashing and setting aside the subsequent notifications/industrial policies - SC....