What is ‘industry’? Nine-judge Supreme Court bench to decide next month

In a historic move, the Supreme Court of India is set to address a crucial legal question regarding the definition of 'industry,' with a nine-judge bench scheduled to hear the case next month. Chief Justice Surya Kant announced that this would be the first instance of such a large panel convening for a single issue. The court aims to reach a conclusion within two days of the hearings. This decision comes in light of various interpretations of 'industry' that have emerged in recent legal and economic contexts, impacting labor laws, taxation, and regulatory frameworks. The outcome of this landmark case could potentially reshape several sectors by providing clarity and uniformity in legal interpretations, which has been lacking. Legal experts and industry stakeholders are closely monitoring the proceedings, anticipating that the court's ruling will set important precedents for future cases and policy-making in India.