Supreme Court dismisses all appeals of companies against Gujarat Industrial Development Corporation (GIDC).
On Thursday, August 13, the Supreme Court in Islamabad delivered a reserved judgment on February 20, 2020. A three-member bench of the Supreme Court ruled by a two-to-one majority.
The government had waived off Rs 220 billion from GIDC through an ordinance. The government withdrew the ordinance following criticism from the opposition.
According to the decision of the Supreme Court, the companies will have to pay Rs 417 billion in gas infrastructure development projects. Sixty companies had received companies’ gas infrastructure development cess from customers but no payments were being made to the government.
In this case, the High Court had earlier ruled in favor of the government. The Attorney General had appealed to the Supreme Court on behalf of the government to decide on the pending petitions as soon as possible as the government was running a huge financial deficit. On this, the Supreme Court constituted a three-member bench headed by Justice Mushir Alam