SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SC upholds 1,000 acre land allocation to Adani SEZ

31 Oct 2012 Evaluate

The Supreme Court (SC) has upheld Gujarat government’s decision to allocate 1,000 acres of land in Mundra for development of a special economic zone (SEZ) by Adani Port and Special Economic Zone, by dismissing a Special Leave Petition challenging the allocation on grounds of lack of merit.

A division bench comprising Justice K. S. Radhakrishnan and Justice Dipak Misra dismissed the petition filed by residents of Zarpara village and few members of its Gram Panchayat on grounds of lack of merit and refused to overrule the Gujarat High Court’s judgment dated June 22, 2011. The bench observed that the Gujarat government was statutorily empowered to allocate the land and declined the petitioner’s request for allocation of an alternate 1,000 acre pastoral wasteland to the Zarpara Panchayat.

The Gujarat government had allotted 1,000 acres of pastoral land at Zarpara to Adani Port and SEZ in 2007. However, this allocation was challenged in the Gujarat High Court via multiple public interest litigations, which were dismissed on June 22, 2011. The petitioners then approached the SC alleging that the land allotment was illegal and arbitrary and had disturbed the ratio of cattle to pastoral land in the village as prescribed by the state government.

Adani Ports and SEZ contested these allegations and stated that the land was allotted as per the law. The Gujarat Panchayat Act, 1993 empowers the state government to resume the land from a village Panchayat and allot it for purpose of setting up a Special Economic Zone, which caters to the public at large. The company also submitted before the Apex Court that it had paid the price of the land at the rate of 130% of the prevailing market value, including a 30% premium.

Adani Ports &Special Share Price

1464.95 -10.15 (-0.69%)
13-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×