Tuesday, Aug 05, 2003
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By Our Legal Correspondent
A Bench comprising the Chief Justice V.N. Khare and Justice S.B. Sinha which issued the notice on the SLP filed by Jessop and Co. Ltd. staff declined to stay the process of privatisation.
The Bench drew the attention of counsel for petitioners, Dipankar Gupta and Subrata Talukdar, that clear-cut guidelines had been laid in the `Balco disinvestment case' and asked them as to which statutory provision had been violated by the Government of its decision to disinvest in the Jessop and Co. Ltd.
Mr. Gupta submitted that railway transport had been categorised by the Government itself as a strategic sector and manufacturing of coaches also fell within that category.But the Bench observed that manufacture of coaches could not be in the category of railway transport which would only include carrying of goods and passengers. But it decided to issue notice to the Centre on the SLP.
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