Indian Economy·Key Judgments

License Raj System — Key Judgments

Updated 7 Mar 2026

Key Judgments

S.P. Gupta v. Union of India (1981)

1981

While not directly about industrial licensing, this case, often referred to as the 'Judges' Transfer Case', is significant for its expansive interpretation of 'locus standi' and…

Excel Wear v. Union of India

1978

This case dealt with the constitutional validity of Section 25-O of the Industrial Disputes Act, 1947, which required prior government permission for closing down an undertaking.…

R.C. Cooper v. Union of India (Bank Nationalisation Case)

1970

While primarily concerning bank nationalization, this landmark judgment had profound implications for the state's power to acquire private property and regulate economic activity.…