Jamshed Hormusji Wadia vs Board Of Trustees, Port Of Mumbai & Anr

The Supreme Court ruled that the Bombay Port Trust, governed by the Major Port Trust Act, 1963, is an 'authority' under Article 12 of the Constitution of India. The Court emphasized the need for the Port Trust to secure fair revenue from its estate to fulfill its public duties, as highlighted by the World Bank and the Comptroller and Auditor General of India. The judgment underscores the importance of revising lease rents to ensure adequate returns, thereby establishing a legal principle regarding the financial responsibilities of public authorities in managing state-owned properties.