M/S Nova Ads vs Metropolitan Tansp.Corp.& Ors

The Supreme Court addressed issues of collusion and misrepresentation in the context of sponsorship agreements for bus shelters between the Metropolitan Transport Corporation (Chennai) Ltd. and private sponsors. The Court emphasized the duty of statutory corporations to protect collective interests and criticized the inaction of the State in addressing financial misconduct. The Court upheld the High Court's decision regarding the validity of the sponsorship agreements, reinforcing the principle that public authorities must act transparently and in the public interest under Article 226 of the Constitution.