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The instant case is related to economic loss in torts. It deals with the question of compensation in economic losses suffered by a party due to the third party's negligence.
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Chapter-1 INTRODUCTION> NATURE OF THE CASE: The instant case is related to economic loss in torts. It deals with the question of compensation in economic losses suffered by a party due to the third party's negligence.> HISTORY RELATED TO THE CASE:> PROBLEM IDENTIFICATION: This case in a very precise manner referred three contentions, firstly that whether the executive Government of a State is competent, without any legislative sanction, to engage in any trade or business activity which leads them to the establishment of their monopoly in that business (of printing and publishing text books for school students). Secondly, that assuming that the State could create a monopoly in its favor in respect of a particular trade or business, can this be done only by an executive act without any legislation. Lastly, whether such act of the government amounts to violation of fundamental rights and requires the payment of compensation...
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