RELIANCE INDS. LTD. vs STATE OF MAHARASHTRA — C.A. No. 5648/1999

Summary: The Supreme Court set aside the High Court's order and remanded the writ petitions for fresh decision. The High Court had failed to address key constitutional questions regarding Section 7 of the Bombay Stamp Act, 1958, particularly whether the State Legislature had competence to levy stamp duty on Debenture Trust Deeds. The Court directed appellants to file copies of the Debenture Trust Deeds, requested the High Court's Chief Justice to assign the case to a Division Bench, and requested disposal within six months. The interim stay order from September 1999 continues during pendency. This case analysis is maintained by casestatus.in based on publicly available court records.