CJI B. R. Gavai says Supreme Court upholds rule of law, avoids interference in economic policy unless rights are violated.
Chief Justice of India B. R. Gavai addresses the Sixth Full Meeting of the Standing International Forum of Commercial Courts in New Delhi (Photo: File)
New Delhi: Judiciary has been a steady guardian of the rule of law, Chief Justice of India B. R. Gavai said on Saturday while emphasising that the apex court has ensured it does not interfere in the policy matters of economic considerations unless there is a violation of fundamental rights or other provisions of the Constitution.
Speaking at the Sixth Full Meeting of the Standing International Forum of Commercial Courts, he said in commercial and corporate matters, the apex court has been vigilant in ensuring transparency and integrity, rejecting attempts to misuse legal or corporate structures for fraudulent gain.
“The Supreme Court has ensured that it does not interfere in the policy matters which have economic considerations involved unless there is a violation of fundamental rights or other provisions of the Constitution. Similarly, the Court has reaffirmed that any interpretation of a commercial statute must be in consonance with the legislative intent while maintaining fairness and public interest,” the CJI said.
Gavai said the Supreme Court has consistently upheld the delicate balance between economic freedom, regulatory discipline, and fairness.
“It has reinforced that the power of the State, particularly in matters of taxation and regulation, must rest on a clear statutory foundation and operate within the limits of the Constitution. The Court has emphasized that while regulatory bodies must preserve financial stability and public confidence, their measures must always be proportionate and reasonable,” he said.
“In commercial and corporate matters, the Court has been vigilant in ensuring transparency and integrity, rejecting attempts to misuse legal or corporate structures for fraudulent gain.”
