JAMSHED HORMUSJI WADIA vs BOARD OF TRUSTEES,PORT OF MUMBAI

The Supreme Court ruled that the Bombay Port Trust is an 'authority' under Article 12 of the Constitution of India, governed by the Major Port Trust Act, 1963. The Court emphasized the need for the 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 clarified the nature of leases held by the Trust and the responsibilities of lessees regarding municipal taxes, ultimately affirming the Trust's obligation to manage its assets effectively for public benefit.