SC upholds states’ right to change industrial policy in a 25-year-old dispute

This ruling adds a layer of regulatory risk for industrial and manufacturing sectors, as state-level policy changes can directly affect operational costs and investment decisions. It highlights the importance of understanding state-specific regulatory environments.

• •SC overturned Bombay High Court verdict.
• •SC ruled in favour of Maharashtra in a 25-year-old dispute.
• •The dispute was over the rollback of electricity duty exemption.
• •The ruling upholds states’ right to change industrial policy.
• •Risk flag: Increased regulatory uncertainty at the state level.