The Supreme Court has issued a landmark judgment, reversing a 1978 ruling that allowed the state to nationalize and redistribute all private property. The new ruling defines the limits of state control over private resources, emphasizing that not all priv
Supreme CourtPrivate PropertyReal EstateState ControlLegal RulingReal Estate MaharashtraNov 05, 2024
The 1978 ruling, made by Justice Krishna Iyer, allowed the state to nationalize and redistribute all private property. It was based on socialist ideology and referenced Karl Marx.
Article 39(b) of the Constitution of India states that the State shall direct policy to ensure 'ownership and control of the material resources of the community are so distributed as best to sub-serve the common good.'
The recent ruling on private property was presided over by Chief Justice of India (CJI) DY Chandrachud, along with a 9-judge bench.
The main takeaway from the new ruling is that not all private properties are material resources of the community and cannot be taken over by the state. This limits the extent of state control over private property.
Justice BV Nagarathna expressed a different opinion from the CJI, while Justice Sudhanshu Dhulia dissented. Justice Nagarathna emphasized that it would be unfair to criticize past judges for holding specific viewpoints at a different period in history.
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