Holicow Pictures Pvt.Ltd vs Prem Chandra Mishra & Ors

The Supreme Court upheld the decision of the Patna High Court which found that the Bihar Industrial Area Development Authority's allotment of land to respondent No.5 was made without competitive bidding and at throwaway prices, violating principles of transparency and fairness. The Court emphasized that such actions, influenced by political considerations, amounted to malafide exercise of power, thereby causing significant loss to the State. The Court affirmed the High Court's directive to nullify the allotments and called for adherence to established norms in future land transactions.