Ram Jethmalani & Ors vs Union Of India & Ors

The Supreme Court addressed the role of the State in regulating economic transactions, emphasizing the necessity of state intervention to promote social welfare and prevent harmful activities. The Court highlighted that the scrutiny of financial transactions is essential for maintaining social order and that the State must influence the types of transactions occurring within its legal framework. The judgment reinforces the principle that not all market transactions are beneficial, and the State has a duty to prioritize certain activities over others for the greater good.