STATE OF BIHAR vs KALYANPUR CEMENTS LTD.

The Supreme Court upheld the High Court's decision to grant a writ of mandamus to M/s. Kalyanpur Cement Ltd. directing the State of Bihar to issue a Sales Tax exemption notification under Clause 24 of the Industrial Policy, 1995. The Court found that the Company had suffered significant losses due to the State's failure to provide the promised exemption, which was a precondition for financial assistance from institutions. The judgment reinforces the obligation of the State to fulfill its commitments under economic policies to support industrial units.