In a landmark judgment that’s bound to impact governments’ land
acquisition for SEZs, the Supreme Court has ruled that agricultural
land should not be acquired for “setting up a factory or for any other
The bench also made it mandatory for governments to make it clear whether the land being acquired by the state is meant for public purpose or for private enterprise. “The government’s land acquisition notifications can’t claim both purposes simultaneously,” the SC said while clarifying its order further.
The SC order came in response to a land dispute involving Punjab government and an automobile company. The state government in this case had invoked Section 4 of the Land Acquisition Act 1894 that allows the government to acquire any land for whatever cause it deems fit.
In the order, the court made it abundantly clear that the governments will have to exercise discretion while buying land.
In India, the corporates are governed by several different regulators viz. the Ministry of Corporate Affairs (‘MCA’), Reserve Bank of India (‘RBI’), Department for Promotion of Industry and In More
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