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Friday, September 28, 2012

Auctions not only way out, rules SC

Chief Justice of India S.H. Kapadia

The Supreme Court on Thursday stated that auction is not the only method for allocation of natural resources to private companies. It also clarified that its 2G verdict was confined to spectrum and not to other natural resources.

Giving its opinion on the Presidential Reference arising out of the 2G verdict, a five-judge Constitution Bench headed by Chief Justice of India S.H. Kapadia also said that common good is the touchstone for any policy and if it meets that, then any means adopted is in accordance with constitutional principles.

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