Industrial Policy Evolution — Key Judgments

Key Judgments

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

1970

Though primarily concerning banking, this judgment had profound implications for the state's power to nationalize industries and regulate economic activity. The Supreme Court…

Excel Wear v. Union of India

1978

This case dealt with the constitutional validity of certain provisions of the Industrial Disputes Act, 1947, particularly those requiring prior government permission for closure…

M.C. Mehta v. Union of India (Oleum Gas Leak Case)

1986

While not directly about industrial policy, this landmark judgment introduced the principle of 'absolute liability' for hazardous industries, replacing the 'strict liability'…