CHINT RAM RAM CHAND vs STATE OF PUNJAB

The Supreme Court addressed the issue of whether licensees from an old market yard have a right to new sites in a newly established market yard under the Punjab Agricultural Markets Act, 1961. The Court held that such licensees do not have an inherent right to new sites and must compete in an open auction for acquiring land in the new market yard. This decision clarifies the interpretation of Sections 7 and 8 of the Act regarding the transition from an old to a new market yard.