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Supreme Court of India

Small Scale Industrial Manufactures Association (regd.) v. Union of India and Others

Neutral citation
Reported as [2021] 15 S.C.R. 1
Bench Ashok Bhushan, R. Subhash Reddy and M.R. Shah JJ.
Decided 23 March 2021

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

What the Court ordered

Held as under: i) The Court will not debate academic matters or concern itse lf with intricacies of trade and commerce; ii) It is neither within the domain of the courts nor the scope of judicial review to embark upon an enquiry as to whether a part icular public policy is wise or whether better public policy can be evolved.

Judgment, page 75

From the headnote

Judicial review – Economic policy matters – Covid-1 9 pandemic – Financial strain faced by industrial sec tor – Policy decisions by RBI and/or Government w.r.t relief/regulatory packages – Judicial review of – Limited scope – Held: Economic and fiscal regulatory measures are a field where Judges should encroach upon very warily as Judges are not experts in these matt ers – Wisdom and advisability of economic policy are ordinarily not amenable t o judicial review – Function of the court is not to advi se in matters relating to financial and economic policies for whi ch bodies like RBI are

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