R.D. GOYAL vs RELIANCE INDS.LTD

The Supreme Court examined whether shares or convertible debentures, prior to allotment, qualify as 'goods' under Section 2(e) of the Monopolies and Restrictive Trade Practices (MRTP) Act, 1969. The core issue was whether the Commission had jurisdiction to adjudicate complaints regarding restrictive and unfair trade practices concerning the public issue of equity shares tied to debentures. The Court focused on the statutory definition of 'goods' to determine if financial instruments fall within the ambit of the MRTP Act.