INDIAN OIL CORPORATION LTD.. vs SHASHI PRABHA SHUKLA .

The Supreme Court upheld the High Court's order directing the Indian Oil Corporation to convert a petrol pump dealership allotted to the respondent under the discretionary quota, as per the Corporation's circular No.67-2/2K4 dated 12.02.2004. The Court emphasized that the respondent had made significant investments based on the Corporation's assurances, and the failure to provide necessary infrastructure constituted a breach of contractual obligations. The judgment reinforces the principle that public sector undertakings must adhere to their commitments and cannot arbitrarily alter agreements without just cause.