Bharat Hydro Power Corp. Ltd. & Ors vs State Of Assam & Anr

The Supreme Court upheld the constitutional validity of the Bharat Hydro Power Corporation Limited (Acquisition and Transfer of Undertaking) Act, 1996 (Assam Act 1 of 1997), affirming the High Court's dismissal of the writ petition challenging the Act. The Court established that the Act was enacted in furtherance of the policy of privatization in the power sector and did not violate any fundamental rights under Article 14 or Article 19 of the Constitution. The judgment confirmed the legality of the transfer of assets and liabilities to the newly formed corporation, thereby dismissing the appeals of the appellants.