STATE OF PUNJAB & ORS. vs RAJA RAM & ORS.

The Supreme Court held that the Food Corporation of India qualifies as a 'Company' under Section 3(e) of the Land Acquisition Act, 1894, as it is incorporated by Indian law. However, the Court found that the acquisition of land for the Corporation was invalid due to non-compliance with Chapter VII of the Land Acquisition Act. The Court emphasized that the Corporation, while an instrumentality of the Central Government, possesses distinct legal identity and autonomy, thus fulfilling the definition of a company under the Act.