Changing Contours of Right to Compensation

A sizeable and influential section of opinion in the country has held that the Supreme Court's judgment invalidating the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1969, is a major obstacle to implementation of socialistic measures. The wisdom of the Constitution-makers in trusting Supreme Court to review state action to ensure enforcement of fundamental rights is questioned by this section of opinion which believes that the legislature has a better title to interpret the Constitution than the judiciary.