Balco Employees Union (Regd.) vs Union Of India & Ors

The Supreme Court upheld the Union of India's decision to disinvest 51% shares of Bharat Aluminium Company Limited (BALCO), affirming that the disinvestment was in accordance with the policy established by the Public Sector Disinvestment Commission under the Companies Act, 1956. The Court ruled that the disinvestment process did not violate any statutory provisions and was a legitimate exercise of executive power. The judgment emphasized the importance of government policy in managing public sector undertakings and the need for transparency in the disinvestment process.