Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.
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Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.
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Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;
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He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;
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&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;
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The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;
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He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.
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&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.
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Arguments will continue on July 24.
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Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguments will continue on July 24.&lt;/div&gt;&#039;,
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Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.
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Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.
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&lt;br /&gt;
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Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;
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&lt;br /&gt;
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The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;
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&lt;br /&gt;
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He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.
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&lt;div style=&quot;text-align: justify&quot;&gt;
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Arguments will continue on July 24.
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-The Hindu





Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguments will continue on July 24.&lt;/div&gt;&#039;
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-The Hindu





Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain..."/>
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                <strong>‘Only auction’ approach not correct, AG tells court-J Venkatesan</strong></h1>
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                <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguments will continue on July 24.</div>               </font>
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-The Hindu
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Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.
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Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.
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Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;
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He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;
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&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;
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The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;
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He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.
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&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.
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Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguments will continue on July 24.&lt;/div&gt;&#039;,
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-The Hindu
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Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.
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Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.
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Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;
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He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;
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&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;
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The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;
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He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.
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&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.
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Arguments will continue on July 24.
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-The Hindu





Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguments will continue on July 24.&lt;/div&gt;&#039;
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-The Hindu





Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain..."/>
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                <strong>‘Only auction’ approach not correct, AG tells court-J Venkatesan</strong></h1>
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                <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguments will continue on July 24.</div>               </font>
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-The Hindu
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Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.
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Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.
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Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;
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He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;
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&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;
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The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;
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He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.
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&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.
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Arguments will continue on July 24.
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Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





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	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguments will continue on July 24.&lt;/div&gt;&#039;,
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Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.
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&lt;br /&gt;
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Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.
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&lt;div style=&quot;text-align: justify&quot;&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
Arguments will continue on July 24.
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-The Hindu





Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &amp;ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &amp;ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &amp;ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Arguments will continue on July 24.&lt;/div&gt;&#039;
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-The Hindu





Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain..."/>
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                <strong>‘Only auction’ approach not correct, AG tells court-J Venkatesan</strong></h1>
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                <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguments will continue on July 24.</div>               </font>
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-The Hindu
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.
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Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&rdquo;
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<div style="text-align: justify">
<br />
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He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&rdquo;
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<div style="text-align: justify">
<br />
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&ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&rdquo;
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<div style="text-align: justify">
<br />
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The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&rdquo;
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<br />
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He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.
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&ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.
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<br />
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Arguments will continue on July 24.
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-The Hindu





Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain...',
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-The Hindu
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&rdquo;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&rdquo;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&rdquo;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&rdquo;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.
</div>
<div style="text-align: justify">
<br />
</div>
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Arguments will continue on July 24.
</div>',
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$metaTitle = 'LATEST NEWS UPDATES | ‘Only auction’ approach not correct, AG tells court-J Venkatesan'
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-The Hindu





Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.





Such an approach mandated in the 2G judgment, apart from being impractical in certain...'
$disp = '<div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, &ldquo;While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and &ldquo;if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. &ldquo;Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Arguments will continue on July 24.</div>'
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‘Only auction’ approach not correct, AG tells court-J Venkatesan

-The Hindu Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday. Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, J.S. Khehar, Dipak Misra and Ranjan Gogoi. Arguing on the Presidential Reference on the 2G judgment, Mr. Vahanvati said, “While disposing of land and property, if the aim is to secure the best possible price, auctions may be the route. However, revenue generation cannot be the sole consideration in the matter of allocation of natural resources. There are complex policy and developmental issues which may have to be kept in mind in the larger perspective of national development.” He said the touchstone of any policy of distribution of natural resources was whether it would serve the common good and “if it does, such a policy is clearly in accordance with the constitutional principle enshrined in Article 39 (b).” “One concern with the auction method is whether it can be expected to work in cases where the asset is of uncertain value -- such as mineral deposits. In these cases, there is lack of hard information on which to sensibly base a bid. Further, there is the risk of collusive bidding, cartelisation and ganging up. There is also the aspect of earlier-mover advantage.” The AG said the direction in the 2G judgment that all natural resources must be auctioned led to confusion and needed to be clarified by this court. “Further the broad proposition in Para 61 (of the 2G judgment) treating all natural resources as public properties is unjustified. Further, in Para 65 there is an extension which is completely unjustified and unwarranted.” He said disposal/distribution had to be made in accordance with the sector-specific requirements. The method of distribution would have to take into account the nature of the resource and the economic policy underlying its effective utilisation. “The issue that arises in the present Reference is with regard to transfer or alienation of natural resources and the method that can be resorted to for such transfer or alienation. The appropriate method for dealing with or alienating a resource would be to take into consideration the nature of the resource, its content, utility, end-use and its economic potential, as well as the ultimate usefulness of such resource for the community or society at large. The appropriate method for allocation of a resource depends upon the nature, content, utility, and economic potential of the natural resource, and in certain cases, sector-specific needs. Arguments will continue on July 24.