New Delhi: Can someone’s private property be expropriated for the public good? The Supreme Court has ruled on the matter. The Supreme Court said that all private property cannot be called community property. Private property should be scrutinized from a public interest perspective. In a majority vote, Supreme Court justices overturned the earlier order.
What decision did the Supreme Court make?
In the majority ruling, the chief justice decided that not all private property can be considered a community material resource. Governments can only consider certain resources as community resources and use them for the public good, but not all resources.
The bench in its majority overturned an earlier judgment of Justice Krishna Iyer which held that all privately owned resources can be acquired by the state. In this regard, the Supreme Court stated that there were tendencies towards a socialist economy in the 1960s and 1970s. But starting in the 1990s, the focus shifted to market economy.
The Supreme Court said that the trajectory of the Indian economy is different from that of any particular type of economy. Rather, its goal is to address emerging challenges in developing countries. In its judgment, the Supreme Court said that through the dynamic economic policies adopted over the past three decades, India has become the fastest growing economy in the world. The Supreme Court said it disagreed with Justice Iyer’s philosophy that all property, including private property, could be termed a community resource.
The nine-judge Constitutional Bench of the Supreme Court delivered its verdict
The decision was taken by the nine-judge Constitutional Bench of the Supreme Court. The Constitution Bench consists of Chief Justice DY Chandrachud, Justice Hrishikesh Roy, Justice BV Nagarathna, Justice Sudhanshu Dhulia, Justice JB Pardiwala, Justice Manoj Mishra, Justice Rajesh Bindal, Justice Satish Chandra Sharma and Justice Augustin George Masih This decision was made.
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