Transferring Public Property At Nominal Price Arbitrary; States' Right Can Be Sold Only By Auction/Transparent Process : Supreme Court

The Supreme Court of India has ruled that public property should only be sold through a transparent auction process, rejecting the practice of transferring such property at nominal prices. The decision aims to prevent arbitrary allocation of public assets and ensure fair valuation and maximum benefit to the state. The ruling underscores the importance of transparency and accountability in the disposal of public properties, reinforcing the principles of good governance.