PATHAN MOHAMMED SULEMAN REHMATKHAN vs STATE OF GUJARAT

The Supreme Court upheld the legality of the joint venture agreement between the Gujarat Government and Infrastructure Leasing & Financial Services Ltd. for the development of the Gujarat International Financial Services City, emphasizing the adherence to the Special Economic Zones Act, 2005. The Court found that the project was initiated with proper feasibility studies and public-private partnership frameworks, and noted that substantial investments had already been made towards infrastructure development. The Court dismissed the petition challenging the project, affirming that the actions taken by the State were within legal bounds and aimed at economic development.