Duncan Industries Ltd. And Anr vs Union Of India

The Supreme Court held that the Government could retrospectively modify the Retention Price Scheme for fertilizer manufacturers without violating the Essential Commodities Act, 1955. The Court emphasized that the scheme was designed to ensure a reasonable return on investment for manufacturers and that changes could be made to address financial imbalances. The judgment affirmed the Government's authority to adjust subsidies retrospectively, thereby upholding the modifications made to the scheme.