Business persons will be hesitant to invest if government bodies cancel contracts with change of person in power: Supreme Court

Such an approach will result in business persons refraining from making investments or entering into contracts with the government, the Court said.
Supreme Court
Supreme Court

The Supreme Court has cautioned government bodies and agencies from backtracking on their undertakings or cancelling contracts with the change of person in power [CIDCO v. Shishir Realty Private Ltd].

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