State Of Haryana & ORS v. Al-Falah University And ANR
!"#$#%&'&()* +"!"#!,-!(!!($".#,' /00#11!("' 2#,'3' 14 !1!. (&5#,'&"-!($".#,' / #'0($#("' ) (671# ,3'"&%#+++!,( (671# ,3'"&%#81 !""!(+&(9.
,#'#(") ,:#'.!530"!;;!,-!(!,".#!00#11!("' ,<'.!-.!(;+#(&,$5%!"#=&". ,8!($##0+&(9.!1=!,;$5%!"#,".#!5#!", >>> +++!,(; .&' !00#!1 .!' 7##( &1#$ 7- ".# +"!"# !,-!(!? ".# &,#%", #(#,!1; &,#%",!"# #$&%!1 $3%!"&( !($ #'#!,%.; !,-!(! !($ ".# +#%,#"!,-; #$&%!1 $3%!"&( !($
#'#!,%.; 5#,(8#(" !,-!(! !00#11!("' !9!&('" ".# @3$98#(" !($ ,$#, $!"#$ * 0!''#$7-".#1#!,(#$+&(91#3$9#&(A B =.#,#7-".#,$#,$!"#$ B B ((#C3,# 0!''#$7- ".# &,#%", #(#,!1; #$&%!1 $3%!"&( !($ #'#!,%.; !,-!(!
D 6 4 , '.," !00#11!(" $#%1&(&(9 " &''3# ''#("&!1&"- #,"&&%!"# D64,'.," E 7@#%"&(#,"&&%!"# D 64,'.," .!'7##(F3!'.#$!($!8!($!83'.!'7##(&''3#$$&,#%"&(9+"!"# !,-!(! !00#11!(" "&''3#".#E =&".&(!0#,&$"= =##<',8".#$!"#,#%#&0"!%0-".#,$#, .# 14 !1!. (&5#,'&"- !($ 14 !1!. .!,&"!71# ,3'"
,#'0($#("'!($ &1#$!0#"&"&(&(".&'3,"'##<&(9F3!'.&(9 ".# ,$#, $!"#$ B B ((#C3,# =.#,#7- ".#
!00#11!(" $&$ (" &''3# ".# (#%#''!,-
, #'"!71&'.8#(" 14 !1!. +%.1 #$&%!1 +%&#(%# !($ #'#!,%.
#(",#;2&11!9#.!3@; !"#.03,!9! !$; !,&$!7!$,".#!%!$#8&% -#!, 4 .#14 !1!. (&5#,'&"- ,#'0($#(" =!'9,!("#$".# '"!"3' ! 0,&5!"# (&5#,'&"- !($ =!' &(%13$#$ &( ".# 1&'" 0,&5!"# 3(&5#,'&"&#'!00#($#$"".#!,-!(! ,&5!"# (&5#,'&"&#'%";
&( 03,'3!(%# !,-!(! ,&5!"# (&5#,'&"&#' 8#($8#(" %"; " =!' 9,!("#$ ".# '"!"3' ! 8&(,&"- #$3%!"&(!1 &('"&"3"&( 7- ".# !"&(!1 88&''&( , &(,&"- $3%!"&(!1 ('"&"3"&(' D!"&(!1 88&''&(6 4 , '.," 5&$# 1#""#, $!"#$ G * ((#C3,# !($7-".#&,#%",#(#,!1;&9.#,$3%!"&(!,-!(!5&$#1#""#,$!"#$ ((#C3,# .# 14 !1!. (&5#,'&"- !($ 14 !1!. .!,&"!71# ,3'"
,#'0($#("' !($ ".,39. ".# !00#11!(" '378&""#$!0,0'!1$!"#$ H ((#C3,# G "".#+"!"# !,-!(!,#'"!71&'.8#("! #$&%!111#9#&(".#(!8#!($'"-1# 14 !1!. +%.1 #$&%!1 +%&#(%# !($ #'#!,%. #(",# !" 2&11!9# .!3@; &'",&%" !,&$!7!$ .# 14 !1!. (&5#,'&"- ,#'0($#(" =!' !1' ,#F3&,#$ " !001- " ".# +#%,#"!,-; &(&'",- #!1". !($
!8&1- A#1!,#; 5#,(8#(" ($&! , 9#""&(9 !00,5!1 , ".# 0,0'#$ #$&%!111#9#"!%%,$&(91-'378&""#$!(!001&%!"&($!"#$ H ((#C3,# " ".# +#%,#"!,- #!1".; 5#,(8#(" ($&!,0#,8&''&("#'"!71&'.14 !1!.+%.1 #$&%!1+%&#(%#!($
#'#!,%.#(",#!"2&11!9#.!3@; !,&$!7!$ .# &( 03,'3!(%# 1#""#, $!"#$ *
((#C3,# %('"&"3"#$ ! 88&""## %80,&'&(9 &,#%", +.##$ !'!(:.!(;5#,(8#(" #$&%!111#9#;!1.#,; #=!"?+.,&(3,!9 .!1&!;+;&("&,#%",;$8(;&%# ?&5&1+3,9#(;3.
#=!" !($ ! ,#0,#'#("!"&5# ".# #03"- 88&''&(#,; #=!" " &('0#%"".#14 !1!.+%.1 #$&%!1+%&#(%#!($ #'#!,%.#(",#!"
2&11!9#.!3@; !,&$!7!$.#%('"&"3"&(".#('0#%"&(88&""## =!'%.!(9#$7-".#!,-!(!5#,(8#("5&$#1#""#,$!"#$ *
((#C3,# !($&(01!%#+.,&(3,!9.!1&!;+;&("&,#%", $8( ".# &%# ; &" =!' " 7# .#!$#$ 7- ".# .&8'#1 .# ".#, 8#87#,' ".# 88&""## =#,# " ,#8!&( ".# '!8#.#'&"#;&"=!'&(,8#$;=31$7#&('0#%"#$( * .# 88&""## &('0#%"#$ ".# 14 !1!. +%.1 #$&%!1 +%&#(%# !($ #'#!,%. #(",# ( * !($ '378&""#$ &"' &('0#%"&( ,#0," ( * ((#C3,# B .# %!'# &1# =!' '378&""#$(* * ,,$#,E!00,5!1".# ,&(%&0!1+#%,#"!,-; #$&%!1$3%!"&(!($ #'#!,%."=!'8#("&(#$&(".#("# ".!" =!' '378&""#$ ".!" '&(%# 14 !1!. (&5#,'&"- ,#'0($#(" 31&11#$".#(,8' #$&%!13(%&1($&! D 64,'.," &(,$#, "'"!,"! #$&%!111#9#;&"=31$7#!00,0,&!"#".!"
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
G * ( 5&#=".#"&8#'%.#$31#".# ;&"=!'8#("&(#$".!"".#=!' "7#&''3#$7-".#+"!"#5#,(8#("(,7#,#G ".+#0"#87#," #(!71#".#!001&%!("414 !1!. (&5#,'&"-,'378&""&(9".#'!8#!1(9 =&". !001&%!"&( ,8 " ".# E#(",!1 5#,(8#(" " =!' 3,".
8#("&(#$ ".!" '&(%# ".# $#1 $# ($3%" =!' &( ,%# &( !,-!(! $3# " ".# ''#871- 1#%"&('; &" =31$ 7# !00,0,&!"# " ,#F3#'"".#.#%",!1 &%#,;!,-!(!;,9,!("&(9,#1!C!"&(, &''3!(%# &( F3#'"&( $,!" =!' 01!%#$ , !00,5!1 .#
,&(%&0!1 +#%,#"!,-; #$&%!1 $3%!"&( !($ #'#!,%. ( G *
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
1!<.' =#5#,; ".# !001&%!(" I 14 !1!. (&5#,'&"-; &" =!' '"!"#$; 8!- '378&" ! ,#'. !001&%!"&(,".#!%!$#8&%-#!, 4B "#, ".# #1#%"&(' " ".# !,-!(! +"!"# ''#871- =#,# 5#,;".#&%# ,&(%&0!1+#%,#"!,-; #$&%!1$3%!"&(!($ #'#!,%. ( B ((#C3,# ,#4'378&""#$ ".# 0,0'!1 8#("&(&(9 ".!" $3# " ".# 1#%"&( $# ($3%" &( ,%# &( ".# +"!"#; ".# 8!""#, =!' <#0" 0#($&(9 .# #1#%"&( %$# =!' '&(%# 5#,; ".# &1# =!';".#,#,#;,#4'378&""#$,9,!(""".#14 !1!..!,&"!71# ,3'";#=#1.&"'"!,"!(#= #$&%!111#9#&(".#(!8#14 !1!.
+%.1 #$&%!1+%&#(%#!($ #'#!,%.#(",#!"5&11!9#.!3@;&'",&%"
!,&$!7!$; =&". &("!<# + '#!"' ( ".# %($&"&(' !' 8#("&(#$ ".#,#&( .# ,&(%&0!1 +#%,#"!,-; #$&%!1 $3%!"&( !($
#'#!,%. ( * !'<#$ , !$$&(9 $&'",&%"4=&'# 0,#'#(%#E 0,0'!1 #$&%!111#9#'!($ (&5#,'&"&#'
,&5!"#!($5#,(8#(" 7". ,3((&(9 #$&%!1 $3%!"&( .# &%# ,#4'378&""#$ ".# %!'# (
!1(9 =&". ! 1&'" #C&'"&(9 #$&%!1 11#9#' " =.8 EE#""#,("#(" .!$7##(&''3#$ .#&%#".#(( ,#4'378&""#$".#%!'#"".# $$&"&(!1.&#+#%,#"!,-; #$&%!1$3%!"&(!($ #'#!,%.?".#(671# #!1". &(&'"#,E.&# &(&'"#, , ,$#, !($ !00,5!1 !' " =.#".#, E " 14 !1!. .!,&"!71# ,3'"; #= #1.& " '"!," ! #$&%!1 11#9#&(".#(!8#!($'"-1# #$&%!1+%&#(%#!($ #'#!,%.#(",# !"5&11!9#.!3@;&'",&%" !,&$!7!$=&".&("!<# +'#!"'8!- 7#9,!("#$&"=!'9,!("#$;&"=31$7#!'0#,".#$,!"".!".!$7##( 01!%#$.#$$&"&(!1.&#+#%,#"!,-; #$&%!1$3%!"&(!($ #'#!,%. ( ((#C3,# G !'<#$ , 03""&(9 30 ! $#"!&1#$ ("# !73"".#5#,!11'%#(!,&#!1".(,!'",3%"3,#&(!,-!(!!($".
# 01&%-".#5#,(8#("($&!E5#,(8#("!,-!(!&(".#8!""#, '".!"".#%!'#8!-7#0,%##$#$=&".!%%,$&(91- .# &%# ".#,#!"#, ( ((#C3,# '378&""#$!$#"!&1#$("#!1(9=&".$#'%,&0"&(0,#5&3',#0,"!($ !1'9!5#!1&'"#C&'"&(9 #$&%!111#9#'!1(9=&".".#&,&("!<#'!($ !1&'"0,0'#$%11#9#'"=.8 E E.!$7##(&''3#$.# $$&"&(!1 .&# +#%,#"!,- " 5#,(8#(" !,-!(!
G ; '&% 4 G ".!" !11 '3%. 0#($&(9 %!'#' =&". ".# 95#,(8#("7#$&'%3''#$!($,#"3,(#$".#&1#"".#&%# .# &%# ".#( ( G ((#C3,# 03" 30 ".# &1# 7- ,#%,$&(9 ! ("# , !00,5!1 8#("&(&(9 ".# $%",'6 !($
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
($!'$#'&,#$7-.&8;&"=!'<#0"0#($&(9 .#14 !1!. (&5#,'&"- ,#'0($#(" ".#(!$$,#''#$! 1#""#, $!"#$ B G ((#C3,# B " ".# +#%,#"!,-; #$&%!1 $3%!"&(;5#,(8#("!,-!(!,".#&''3!(%#.#%!'#=!' !9!&( '378&""#$ 7- ".# &%# ( B G ((#C3,# H ( !(".#,'&8&1!,%!'#;(671#".##!1". &(&'"#,.!$,$#,#$"03"30 ".#8!""#,!"#,,!8&(9!(#=01&%-.#%!'#=!'$&'%3''#$7-".# &%# =&". ".# $$&"&(!1 .&# +#%,#"!,-; #$&%!1 $3%!"&( !
#'#!,%.&(".#0,#'#(%#".#&,#%",;+%&#(%#!($ #$&%!1$3%!"&(
#'#!,%. + " =!' '378&""#$ ".!" '&(%# ".&' =!' ! '&8&1!, 0,0'!1 , #'"!71&'.8#(" ! 8#$&%!1 %11#9# !($ ( 01&%- =!' ,#F3&,#$ " 7# ,!8#$ 7- ".# +"!"# 5#,(8#(" &( ".&' ,#9!,$ .# +"!"# 5#,(8#(" .!$ " &''3# E (1- , #'"!71&'.8#(" ! #$&%!1 11#9# &( ".# +"!"# !' 0#, ".# (,8'E93&$#1&(#' ".# .# &' " 3,".#, 9,!(" 0#,8&''&( , ,#%9(&"&(E!11= , !$8&''&(&( +%3,'#" #$&%!111#9#(5&#=".#!75#;".# %!'#=!',#4'378&""#$,,$#,'E!00,5!1!'0#,0,0'!1
.# $$&"&(!1 .&# +#%,#"!,-; #$&%!1 $3%!"&( !($
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
,- " 5#,(8#(" !,-!(!; #$&%!1$3%!"&(!($ #'#!,%.""!<#&88#$&!"#(#%#''!,-!%"&(( ".#7!'&'".#,#0,"".#C0#," 88&""##!($ &''3# E" ".#0#"&"&(#,7#,#".#!"&(!188&''&(,#'"!71&'.
!1!.+%.1 #$&%!1+%&#(%#!($ #'#!,%.#(",#!"2&11!9#.!3@;
!"#.03,!9! !$;&'",&%" !,&$!7!$;=&".&(3,=##<'".#'#,5&%# ".#,$#, .#14 !1!. (&5#,'&"- ,#'0($#(" =,"#!1#""#," ".# +#%,#"!,-; #$&%!1 $3%!"&(; 5#,(8#(" !,-!(!; ( B ,#F3#'"&(9,&''3&(9".#E =#5#,;".#,#=!'( ,#'0('#.#14 !1!. (&5#,'&"-!($".#14 !1!..!,&"!71#,3'"".#( =,"#'#0!,!"#1#""#,'$!"#$ ((#C3,# G4%11- "".# $$&"&(!1 .&# +#%,#"!,-; #$&%!1 $3%!"&( !($
#'#!,%.; 5#,(8#("!,-!(!!($".#$$&"&(!1 ,&(%&0!1+#%,#"!,-".&# &(&'"#,; 5#,(8#(" !,-!(!; , %801-&(9 =&". ".# ,$#, $!"#$ H ((#C3,# ".#!"&(!188&''&(!($,#F3#'"#$ , ".# &''3!(%# , #'"!71&'.8#(" ! #$&%!1 11#9# &( ".# (!8# 14 !1!. +%.1 #$&%!1 +%&#(%# !($ #'#!,%. #(",# (".#, 1#""#, $!"#$ B ((#C3,# =!' =,&""#( " ".# $$&"&(!1 .&# +#%,#"!,-; #0!,"8#(" #$&%!1 $3%!"&( !($
#'#!,%.;,#F3#'"&(9.&8,&''3!(%# E"=!'!1''"!"#$&( ".#'!&$1#""#,7-".#,#'0($#("'".!"".39.".#&('0#%"&(.!$7##( %($3%"#$ ( * 73" ".#- .!$ D( 7@#%"&(6 , ,#'. &('0#%"&( .# .!(%#11, ".# 14 !1!. (&5#,'&"- !1' 8#" ".# $$&"&(!1.&#+#%,#"!,-!($8!$#!,#F3#'",&''3!(%# E &(%801&!(%#=&".".#,$#,".#!"&(!188&''&( .# &,#%",; #$&%!1 $3%!"&( !($ #'#!,%.; !,-!(!; 5&$#&8039(#$1#""#,$!"#$ B B ((#C3,# &(,#'0('#" 1#""#, $!"#$ B ((#C3,# ".# .!(%#11, 14 !1!.
(&5#,'&"- !$$,#''#$ " ".# $$&"&(!1 .&# +#%,#"!,-; #$&%!1 $3%!"&(!($ #'#!,%.(".#'37@#%"!001&%!"&(,&''3!(%#
,#'"!71&'.&(914 !1!.+%.1 #$&%!1+%&#(%#!($ #'#!,%. #(",#; 2&11!9# .!3@; !,&$!7!$ , ".# !%!$#8&% -#!, 4 &(,8#$ ".!" &" .!$ 7##( 7'#,5#$ ".!" ".# #!,1&#, &('0#%"&( ,#0,"
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
# %(%#,(#$ +"!"# 5#,(8#("E (&( #,,&",- $8&(&'",!"&(L "=!'3,".#,8#("&(#$".!"".##''#("&!1,#F3&,#8#(", %('&$#,!"&(!(-.'0&"!1,!11=&(90#,8&''&(,#'"!71&'.&(9! 8#$&%!1%11#9#=!'".!"".#0#,'('.31$7#=(&(9!($8!(!9&(9! .'0&"!
7#$'; &# (#%#''!,- &(,!'",3%"3,# !%&1&"- &( "#,8' '3740!,!!',#0,$3%#$!75#A.&1##C!8&(&(9".#0,0'!1".# 14 !1!. (&5#,'&"-; &" =!' 7'#,5#$ ".!" ".# '4%!11#$ G
7#$$#$ .'0&"!1%1!&8#$"7#,3((&(9,8".#0,#8&'#'=!'%('",3%"#$&(!( !,#!
'F8#",#!($0,#'#("1-$&$("8##"".#,#F3&,#8#(" ".# ($&!( 371&% #!1". +"!($!,$' D#!1". +"!($!,$'6 4 , '.," ; =.&%. 8#!(" ".!" ".# .'0&"!1 0,#'#("1- 7#&(9 ,3( !($ =(#$ !($ 8!(!9#$ 7- ".# &('"&"3"&( $&$ (" 31&11 ".# '"!($!,$' !($ (,8' 0,#'%,&7#$ 7- ".# #!1". +"!($!,$' .# '"!($!,$ ,#F3&,#8#(" ".# 01&(". !,#! ".# 0.-'&%!1 &(,!'",3%"3,# ( 0!9# ".# #!1".
+"!($!,$';&"=!'8#("&(#$;,#F3&,#'".#!,#!!($'0!%#(,8'".# .'0&"!1,#F3&,#$,)4 K ! #(#,!1 '0&"!1 4 H 4H 'F8", 0#, 7#$ " %!1%31!"# ""!1 01&(". !,#! $#'&,!71# .# !,#! =&11 &(%13$# ".# '#,5&%# !,#! '3%. !' =!&"&(9 '0!%#; #(",!(%# .!11; ,#9&'",!"&( %3("#, #"% &( !$$&"&(; .'0&"!1 '#,5&%# 73&1$&(9' 1&<# #(#,!",'; !(&1$
8'; &1#,'; !3($,-; :&"%.#( !($ #''#("&!1 '"! ,#'&$#(%#'!,#,#F3&,#$&(".#'0&"!1 ,#8&'#'( %!'#'0#%&&%,#F3&,#8#("!.'0&"!1;1#C&7&1&"-&( !1"#,&(9".#!,#!7#<#0"
7 #!%.&(9'0&"!14
" 'F8",0#,7#$ "%!1%31!"#""!101&(".!,#!L +&(%#".#&('"&"3"&('0,#'#("1-7#&(9,3($&$("31&11".# '"!($!,$',#F3&,#$!'0#,".##!1".+"!($!,$'!($".# (,8', ".# "#!%.&(9 .'0&"!1 =#,# '"&11 .&9.#,; ".# .!(%#11,; 14 !1!.
(&5#,'&"- =!' ,#F3#'"#$ " $&,#%" ".# 0,8"#,' " &,'" 8##" ".# #!1". +"!($!,$' (,8' ' ".!" ".# .'0&"!1 =!' ,3( &( ! 0,0#, 8!((#, !($ ".#( ".# =31$ 7# &''3#$ , 0#(&(9 ! 8#$&%!1 %11#9# .#!75#,$#,!'!1,#!$-("&%#$.!'7##('#"!'&$#!($ F3!'.#$ 7- ".# 1#!,(#$ +&(91# 3$9# .# 1#!,(#$ +&(91# 3$9# ,831!"#$".#&''3#'=.&%.,#F3&,#$%('&$#,!"&(; &# & =.#".#,&( '0&"# ".# $&,#%"&( &''3#$ 7- ".# !"&(!1 88&''&( 3($#, ".# !"&(!188&''&(, &(,&"-$3%!"&(!1('"&"3"&('%";
;".# ,#'0($#("' (=!00#11!("' =#,#@3'"&&#$&(=&"..1$&(9".#,( 5!1&$ ,#!'(? && =.#".#, ".# &8039(#$ ,$#, =.#,#7- ".# #!1". +"!($!,$'93&$#1&(#'.!$7##(!001&#$.!$!(-'"!"3",-7!%<30?!($;
&&& =.#".#, &( ".# 0#%31&!, !%"' !($ %&,%38'"!(%#' ".# %!'#; ".#
0#"&"&(#, (=,#'0($#(" =!'#("&"1#$,".#,#1!($!83', 9,!("".# .#1#!,(#$+&(91#3$9#(".#&,'"F3#'"&(!'"=.#".#, &('0&"#".#$&,#%"&('".#!"&(!188&''&(;".#,#'0($#("'
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
$7##( "!<#( 7#,# ".# 1#!,(#$ +&(91# 3$9# =!' ".!" ".# 88&""## .!$ 9&5#(!=,(9,#0,"=.&%.=!'(#5#,".#$##(%#".#95#,(8#("!"
!(- #!,1&#, 0&(" "&8#; #'0#%&!11- 7#,# ".# !"&(!1 88&''&( !($;".3';=!'(1-!(!"#,".39." " &' " 7# ("&%#$ ".!" ".# 9,3($ , $#%1&(&(9 " ".# 14 !1!. (&5#,'&"- &( 03,'3!(%# &8039(#$ ,$#, $!"#$ B B
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
-&(9 ".!" ".# &('0#%"&(,#0,"&(F3#'"&(=!'!,7&",!,-!($=,(9.#,#,#;,#'. 9,3($'!,#(='39.""7#3,9#$&(".&'!00#!
.# 1#!,(#$ %3('#1 , ".# +"!"# %("#($' ".!" ".# &('0#%"&( ,#0," $!"#$ * ((#C3,# B 7!'#$ ( ".# &('0#%"&(%($3%"#$7-".# ?".#&,#%",;+.!.##$!'!(:.!( #=!"; 5#,(8#(" #$&%!1 11#9#; !1.!,; #=!"? &5&1 +3,9#(;
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
%,,#';&"&''378&""#$;=!'$#0'&"#$7- ".# ,#'0($#("' &( ".# 5#,(8#(" 3($ &( "#,8' ".# !,-!(!
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
E D*** #931!"&('6 4 , '.," #931!"&( G ".# ***
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
".!"('#("!&1&!"&(&( ,84G,".#0,0'#$ 8#$&%!1 %11#9# .!' 7##( 7"!&(#$ 7- ".# !001&%!(" ,8! (&5#,'&"-
.!"".#0#,'(=('!($8!(!9#'!.'0&"!1(" 1#'' ".!( G
7#$' =&". (#%#''!,- &(,!'",3%"3,!1
!%&1&"&#' %!0!71# 7#&(9 $#5#10#$ &(" "#!%.&(9 &('"&"3"&( &( ".# %!803' ".# 0,0'#$ 8#$&%!1 %11#9#L ( "#,8' !,! ".# D+%.#8#6 3($#, ".# ***
#931!"&(';".#''#("&!1&"-#,"&&%!"#=!'"7#'378&""#$&( ,84 .#'!&$ ,84,#!$'!'3($#,)4 K
4 +37@#%")4++ 5#,(8#("!,-!(! #0!,"8#("#!1". !"#$;".#E HE
001&%!(" ; +&,; .#$#'&,#$%#,"&&%!"#&'!'11=')4
&('"&"3"&('!1,#!$-#C&'"&(9&(".#+"!"#
'#!"' !5!&1!71# , $%",' 7#&(9 0,$3%#$ !((3!11-
G $%",',#9&'"#,#$=&".".#+"!"# #$&%!13(%&1
$%",'&(5#,(8#("'#,5&%#
5#,(8#(" 0'"' 5!%!(" !($ ".'# &( ,3,!1E$&&%31" !,#!'
$%",',#9&'"#,#$=&".801-8#("C%.!(9#
B %",0031!"&(,!"&&(".#+"!"#
H = ".# #'"!71&'.8#(" ".# 11#9# =31$ ,#'15# ".# 0,71#8$#&%&#(%&#'F3!1&&#$8#$&%!10#,'((#1&(".# +"!"#!($&80,5#".#!5!&1!7&1&"-'3%.8#$&%!18!(0=#, &(".#+"!"#
* .#,#'",&%"&('&80'#$7-".#+"!"#5#,(8#(";&!(-;( '"3$#("' =. !,# $8&%&1#$ &( ".# +"!"# ,8 7"!&(&(9 !$8&''&('&(".#+"!"#;7#'0#%&&#$
311@3'"&&%!"&(,0#(&(9".#0,0'#$11#9#
%",40!"&#(",!"&0,0'#$"7#!%.#$ .# !8# ".# 0#,'( MMMMMMMM .!' !001&#$ , #'"!71&'.8#("! #$&%!111#9#!"MMMMMMMM (%!,#31 %('&$#,!"&( ".# 0,0'!1; ".# 5#,(8#(" MMMMMMMMM .!' $#%&$#$ " &''3# !( ''#("&!1&"- #,"&&%!"# " ".# !001&%!(" , ".# #'"!71&'.8#(" #$&%!1 11#9# =&".MMMMMM '#!"' "&'%#,"&&#$".!")4
! .#!001&%!("=('!($8!(!9#'!G
7#$$#$'0&"!1=.&%. =!'#'"!71&'.#$&(MMMMMMMMM
7 " &' $#'&,!71# " #'"!71&'. ! #$&%!1 11#9# &( ".# 0371&% &("#,#'"?
% '"!71&'.8#(" ! #$&%!1 11#9# !" MMMMMMMMM 7- ".# (!8#+%&#"-E,3'" &'#!'&71#
$ $#F3!"#%1&(&%!18!"#,&!1!'0#,".# #$&%!13(%&1($&! (,8'&'!5!&1!71# "&'3,".#,%#,"&&#$".!"&(%!'#".#!001&%!("!&1'" %,#!"# &(,!'",3%"3,# , ".# #$&%!1 11#9# !' 0#, ".# (,8' !($ ,#'. !$8&''&(' !,# '"00#$ 7- ".# #(",!1 5#,(8#("; ".# +"!"# 5#,(8#(" '.!11 "!<# 5#, ".# ,#'0('&7&1&"-".#+"3$#("'!1,#!$-!$8&""#$&(".#11#9# =&".".# #,8&''&(".##(",!15#,(8#(" 3,'!&".311-; +
L
( "#,8' ".# !75# ,84; ".# #''#("&!1&"- ".!" =!' 0,&8!,&1-,#F3&,#$"7#%('&$#,#$7-".#+"!"#5#,(8#("=!'".!"
! ".# !001&%!(" =(' !($ 8!(!9#' ! G
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
# 5#,(8#(" &( &"' ,#0," $!"#$ * * ((#C3,# B 8!$# ! 8#("&(".#1!($;".#$#"!&1'#C&'"&(9!($0,0'#$73&1$&(9'!
!1' &(,!'",3%"3,# " =!' '!&$ ".!" ".# ""!1 1!($ ".# 14 !1!. .!,&"!71# ,3'" =!' !%,#' 3" =.&%. B !%,#' .!$ 7##( #!,8!,<#$ , ".# 0,0'#$ #$&%!1 11#9# &( ".# ,#5#(3# #'"!"# 2&11!9# .!3@; #.'&1 !($ &'",&%" !,&$!7!$ .# 83"!"&( ".# 1!($ .!$ 7##( $(# '&% I '!(%"&(#$ (4(%387,!(%# #,"&&%!"#E ("&933'!($#,"&&%!"#&''3#$7-".#+37 #9&'",!,; !,&$!7!$=!' !""!%.#$"=!' 8#("&(#$ ".!"".#1!($!' 0#,,#5#(3#,#%,$=!' %("&933'E3(&"!,- '&"3!"#$ !" !"#.03, !9! !$; 2&11!9# .!3@;
!,&$!7!$ !($ "=#15# <&148#",#' ,8 ".# 3"#, 83(&%&0!1 1&8&"'
!,&$!7!$ 3(&%&0!1 ,0,!"&( .# 1!($ =!' #!,8!,<#$ , #'"!71&'.&(9! #$&%!111#9#.#'&"#01!(".#%11#9#=!',#%#&5#$ ,8 ".# =(#, .&' %801&#$ =&". (# ".# %($&"&('; &# ".# 0,0'#$'&"#".#0,0'#$ #$&%!111#9#.#".#,%($&"&(, ".# 9,!(" !' 0#, !,! G ".# D+%.#8#6 3($#, ".# ***
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
!($ !$&19- =&". (# G
8; (#
8 (# 87&1#O4 !-8!%.&(#L K !%.&(#,-!($F3&08#("' .#.'0&"!1&'.!5&(9".#$&!9('"&%!%&1&"&#'&(,8 1$ (!1-J#,; O4 !- !%.&(#' !($ #("!1 .!&, #"% .# '0&"!1 &' !1' .!5&(9 ; !($ 0#,!"&( .#!"#, !%&1&"&#' =&". !$#F3!"# 8!%.&(#,- !($ #F3&08#("' .# #F3&08#("' !5!&1!71# &( ".# .'0&"!1!,#'3&%&#("",3(G
7#$$#$.'0&"!1.# 1&'"&'!""!%.#$.#,#=&".!'((#C3,#626L .#88&""##&(!11-%(%13$#$!'11=')4 K(%13'&() .#7'#,5!"&('".#('0#%"&(88&""##) .# !001&%!(" =(' !($ &' 8!(!9&(9 ! G
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
!(%.<31!!,-!(! !,-!(! !,-!(!L
.#!75#%(%13'&(''.=".!"".#%($&"&(,9,!(" !' 0,5&$#$ , &( ,84 &( "#,8' !,! G ".# D+%.#8#6 3($#,".#*** #931!"&(''"!($31&11#$ .# $##(%# ".# +"!"# 7#,# ".# !"&(!1 88&''&( =!'".!"&"=!'".#0,#,9!"&5#".#5#,(8#("!,-!(! " &''3# !( " =!' !1' 8#("&(#$ ".!" ".# &('0#%"&( ,#0,"
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
((#C3,# ; ,#%,$#$ ".!" ".# !%"' !' 8#("&(#$ &( ".# ,$#, %1#!,1-#'"!71&'.#$".!"".#C0#,"88&""## #0,"=!'0#($&(9=&". ".# ,&(%&0!1 +#%,#"!,- " 5#,(8#(" !,-!(!; #$&%!1 $3%!"&( !($ #'#!,%. #0!,"8#(" '&(%# * 5#( ,#'0($#(" 7#,# ".# 88&''&( &# ".# +#%,#"!,- #$&%!1 $3%!"&( !($
#'#!,%.;5#,(8#("!,-!(!$&$("$#(-".#'!&$!%"#"( !%"&(.!$7##("!<#(&(".&',#9!,$"&11".#("=!'3,".#,7'#,5#$ ".!"".#,#.!$7##(3((#%#''!,-!($3(#C01!&(#$$#1!-(".#0!," ".# +#%,#"!,-; #$&%!1 $3%!"&( !($
#'#!,%. #0!,"8#("; 5#,(8#(" !,-!(! " "!<# !%"&( ( ".# 7!'&' ".# C0#," 88&""## #0,"; =.&%. %1#!,1- .!80#,#$ ".# ,&9." ".# 8&(,&"- 93!,!("##$3($#,,"&%1#G ".#('"&"3"&(($&!"#'"!71&'.
!($ !$8&(&'"#, #$3%!"&(!1 &('"&"3"&( &"' %.&%# .# ,&9." ! 8&(,&"-"#'"!71&'.!(#$3%!"&(!1&('"&"3"&(;&"=!''!&$;%31$("7# <#0"3($#,'3'0#('&(.#!"&(!188&''&($&,#%"#$".# ,&(%&0!1 +#%,#"!,-"5#,(8#("!,-!(!; #$&%!1$3%!"&(!($ #'#!,%. #0!,"8#(" " &88#$&!"#1- "!<# (#%#''!,- !%"&( ( ".# 7!'&' ".# C0#," 88&""## ,#0," !($ &''3# E " ".# 0#"&"&(#, (= ,#'0($#("' , ".# #'"!71&'.8#(" 14 !1!. +%.1 #$&%!1 +%&#(%# !($ #'#!,%. #(",# !" 5&11!9# .!3@; !"#.03, !9! !$;
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
7"!&(#$7-".#!001&%!(",8".#,#'0#%"&5#+"!"#5#,(8#(",".#
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
G +* !$,!' (".#%!'#7#,#(671#".# !$,!' &9. 3,"; ".# ,#'0($#(" &("#($#$ " #'"!71&'. ! #$&%!1 11#9# 3($#,".#(!8#!($'"-1#D ##(!<'.& #$&%!111#9#!($ #'#!,%. ('"&"3"#6"!001&#$"".#+"!"#5#,(8#("!8&1!$3,9,!(" !((&"&!11-".#,#=!'!1(9$#1!-!($".#,#!"#,!(&('0#%"&( ,#0,"=!''378&""#$73"(!%"&(=!'"!<#(;=.&%.(#%#''&"!"#$".# &1&(9!=,&"0#"&"&(.#5#,(8#("!8&1!$3%("#'"#$".# 0#"&"&((".#9,3($".!"".#(,8''#",&''3!(%#=#,#(" 8#" .# 1#!,(#$ +&(91# 3$9# $&'!9,##$ =&". ".# '"!($ ".# 5#,(8#(" !($ &''3#$ $&,#%"&(' " &" " &''3# !( " ".# ,3'" #(!71&(9&""0,%##$3,".#,(671#".#&9.3,"&(!00#!1,##,,#$ " ".# !,#'!&$ @3$98#(" &( .&,383,39!
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
(- 01&%- %('&$#,!"&( 7#%!3'# ".# 01&%- &( ".# 8!""#, #'"!71&'.8#(" ! (#= #$&%!1 11#9# (= ,#'"#$ =&". ".# #(",!1 5#,(8#("!1(#3,".#,,##,#(%#=!'8!$#"".#%!'#+"!"# !.!,!'",!5($&!( #$&%!1''%&!"&(!($".
+
+ =.#,# (671# ".# +30,#8# 3," .#1$ ".!" ".# %,&"#,&! , &''3!(%# !( 7- ".# +"!"# =!' $#'&,!7&1&"- 1%!"&( ".#
0,0'#$ #$&%!1 11#9# !' !1' ".# 0,5&'&( , !$#F3!"# %1&(&%!1 8!"#,&!1' !' 0#, ".# 93&$#1&(#' 0,#'%,&7#$ 7- ".# #$&%!1 3(%&1 ($&!!"".#0,0'#$ #$&%!111#9# ( ".# %&,%38'"!(%#'; &( ".# 8!""#, 9,!(" 7- ".# +"!"#5#,(8#(";".#1&8&"#$,1#".!"".#+"!"#5#,(8#(".!'&'" !'%#,"!&(".#$#'&,!7&1&"-1%!"&(".#0,0'#$ #$&%!111#9#!' !1'".#0,5&'&(,!$#F3!"#D%1&(&%!18!"#,&!16!'0#,".#93&$#1&(#' 0,#'%,&7#$ 7- ".# #$&%!1 3(%&1 ($&! !" ".# 0,0'#$ #$&%!1 11#9# .# 1#!,(#$ +&(91# 3$9# !1' ,#1&#$ ( ".# %!'#; 5#,(8#(" ($.,! ,!$#'. !($ !(".#, 5 #$=&( $3%!"&(!1 +%&#"-!($".#,';
+H(".#'!&$%!'#;".#,1#".# +"!"# 5#,(8#(" &( ".# 8!""#, &$#("&&%!"&( 1%!"&(' 0,0'#$ #$&%!1!($#("!111#9#'=!'".#0,&8!1F3#'"&(&(515#$ =.&%..!$!,&'#(3"!%88(@3$98#("$!"#$ H
0!''#$ 7-! 311#(%.(671#".#($.,! ,!$#'.&9.3,""=!'.#1$ ".!"!1".39.".#+"!"#.!$!'!-&(".#8!""#,!',#9!,$'1%!"&(, #'"!71&'.&(9 ! #$&%!1 , #("!1 11#9#; &" .!$ " #C#,%&'# '3%. 0=#, &( ! ,#!'(!71# 8!((#, .# !%",' =.&%. =#,# ,#1#5!(" , $#"#,8&(!"&('3%.&''3#;&"=!''!&$;=31$7#".#1%!1(##$'!($ ".#0371&%&("#,#'".#F3#'"&(!'"=.#".#,".# #$&%!111#9#=!' 7#&(9'#"307-!8&(,&"-&('"&"3"&(,!((48&(,&"-&('"&"3"&(=!' " 7# %('&$#,#$ &( ".# 1&9." ".# 7'#,5!"&(' 8!$# &( !&
3($!"&( 5 +"!"# :!,(!"!<!;
H + H !($ '1!8&% %!$#8-$3%!"&(5+"!"#:!,(!"!<!;
G +*BA.&1# ,#@#%"&(9'3%.!(!001&%!"&(,9,!("''#("&!1&"-#,"&&%!"#;&"=!' '!&$; ".!" ".#+"!"#83'"%801-=&".".#0,&(%&01#'(!"3,!1@3'"&%# =.&%. =31$ &(%13$# !''&9(&(9 '3&%&#(" !($ %9#(" ,#!'(' (
'.,"; ".# +"!"# %31$ (" !%" !,7&",!,&1- , %!0,&%&3'1- "' $#%&'&( 83'"7#&(,8#$7-,#!'('!($7!'#$(,#1#5!("!%",' (".#0,#'#("%!'#;&"&'".#'"!($".#!00#11!("'".!"".# &8039(#$ ,$#, $!"#$ B B
((#C3,# &' (" '3'"!&(!71# !($&"&'("!9&"!"&(9F3!".#5!1&$&"-".#'!&$,$#,?.=#5#,;,#'. 9,3($'!,#0,#''#$;&#".#&("#,0,#"!"&(".# #931!"&('!($ 93&$#1&(#'=&".'0#%&&%,##,#(%#"".#,1#".#+"!"#5#,(8#(" 3($#,".'#,#931!"&('!($93&$#1&(#'.###%"((4@&($#,".# !' ! 0!,"-; ".# ##%" ".# !&$!5&" ".# $$&"&(!1 .&# +#%,#"!,-,#9!,$&(9=,(9&('0#%"&(,#0,";".###%"".#,#0,"( ".# 8#,&"' ".# 8!""#, !($ ".# 5#, #80.!'&' ( ".# ,&9."' ".# ,#'0($#("4('"&"3"# &('"#!$ ".# ,&9." " 1&# !($ #$3%!"&( ".# %&"&J#(' !($ ".# 9,!(" 8!($!83' $&,#%"&(9 , &''3!(%# &('"#!$&('0#%"&(;=.#(7".0!,"&#'=#,#=&11&(9,,#4&('0#%"&( ".#&('"&"3"#.#,#!'(,0,#''&(9,#'.
&('0#%"&(".#0,0'#$ #$&%!1 11#9# !,# ".!" ".# *** #931!"&(' %("!&( %#,"!&( ,#F3&,#8#("' ".!" !,# " 7# 31&11#$ 7- ".# !001&%!(" 11#9# , 7"!&(&(9 #""#, ("#(" !($ #""#, #,8&''&( , '"!71&'.8#("".#(#= #$&%!111#9#'!($#!,1- #(#=!1'3($#, +#%"&( 4 ".# * %" =.&1# !%%,$&(9 " ".
((#C3,# 4B ; ".# #C&'"&(9 .'0&"!1 73&1$&(9 !,#! &'
'F 8",
%('",3%"#$ =.#,#!' ""!1 !,#! =!' ,#F3&,#$ " 7# ;GG 'F 8",? 7#'&$#'; &( "#,8' ".# '!&$ *** #931!"&('; ".# (387#, 7#$' ,#F3&,#$,
!$8&''&('!((3!11-&'
"'.31$.!5#B'F8", 0#,7#$ 8",$&'"!(%#7#"=##(7#$'#$=&$".'8", %%,$&(9 " 1#!,(#$ +#(&, 3('#1 , ".# ,#'0($#("'; ".#'!&$,#F3&,#8#("'!,#!7'13"#1-3((#%#''!,-!"".&''"!9#,".# 03,0'#''#("&!1&"-#,"&&%!"#!'".#'#!'0#%"'!,#"7#$(#&(! '",3%"3,#$8!((#,!($%('&$#,#$7-".# !"".#"&8#&('0#%"&(
!($ 9,!(" #""#, #,8&''&( # .!' ,##,,#$ " ".#
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
; G + ; (671#".#+30,#8#3,"'!&$".!"".#,#!'('!($7(!&$##C#,%&'# 0=#, !,# #''#("&!1 !" ".# "&8# #C#,%&'# ".#,# !($ ".# 5#,(8#("83'"$##($&"'!%"&((".#7!'&'".#,$#,".!"&".!$ 0!''#$!($&"%31$("&80,5#&"''"!($7-&1&(9'37'#F3#("!&$!
#1&!(%#=!'01!%#$( ".#11=&(9 7'#,5!"&('&(88&''&(#,
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
#$!'11=')4 K .# '#%($ #F3!11- ,#1#5!(" 8!""#, &' ".!" =.#( ! '"!"3",- 3(%"&(!,- 8!<#' !( ,$#, 7!'#$ ( %#,"!&( 9,3($'; &"' 5!1&$&"- 83'" 7# @3$9#$7-".#,#!'(''8#("&(#$!($%!((" 7#'3001#8#("#$7-,#'.,#!'('&(".#'.!0# !&$!5&" , ".#,=&'# ".#,=&'#; !( ,$#, 7!$&(".#7#9&((&(98!-;7-".#"&8#&"%8#' "%3,"(!%%3("!%.!11#(9#;9#"5!1&$!"#$ 7-!$$&"&(!19,3($'1!"#,7,39."3"L .#,#!'(';".#,#,#;".!"!,#8#("&(#$&(".#&8039(#$ ,$#,$!"#$ B B ((#C3,# !1(#!,#"7#%('&$#,#$!
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
#+"!"#5#,(8#("=!'9&5#(!(0"&(" ,#%('&$#,".#8!""#, (".#'!&$%&,%38'"!(%#';".#F3#'"&(,#4&('0#%"&(!1' $#' (" !,&'# ( !%" ".#,# &' ( $#(&!1 7- ".# !00#11!(" ".!" ".# ,#'0($#("' .!5# ".# (#%#''!,- !,#!; ".# D%1&(&%!1 8!"#,&!16 !($ &(!(%&!15&!7&1&"-"%!,,-3"%('",3%"&(.#,#,#;".#,#&'((##$ ,,#4&('0#%"&(".
.# $&,#%"&( &''3#$ 7- ".# 1#!,(#$ +&(91# 3$9# " &''3# ".# ''#("&!1&"- #,"&&%!"# !($ ( 7@#%"&( %#,"&&%!"# =!' 0#,#%"1- @3'"&&#$ !($ &( ,$#, !($ ".#,# &' ( &(&,8&"- =&". ".# &($&(9' !($ %(%13'&(',#!%.#$!"7-".#1#!,(#$+&(91#3$9# .# &'!%%,$&(91-$&'8&''#$ +++!,( 3$9# 81 !""!(+&(9. 3$9# *
!8#'.E:!3($!1
LPA No.1546 of 2015 The judgment of my learned brother, S. S. Saron, J., has been received by me about three weeks ago, which though is delayed, is in terms of what was pronounced by us in Court on 29.10.2015, dismissing the appeal filed by the State of Haryana and its officers, against the judgment of a learned single Judge passed in CWP no.14076 of 2015, allowing the writ petition of the respondent University and Trust (writ petitioners before the single Judge).
I have gone through the detailed judgment of my learned brother and would just like to add a few lines in furtherance of what has been discussed in detail in the elaborate judgment passed by him. It may need special notice that the learned single Judge had specifically noticed that the main objection of the State Government to nongrant of the Eligibility Certificate, despite a recommendation for grant of such certificate after inspection was carried out by a committee, of the campus of the respondents herein, was that the hospital run by the respondents consisted of only 4500 sq. mts. of constructed area and therefore did not meet with the requirements of the Indian Public Health Standards, by which, for a 500 bed hospital, the total constructed area required was 60242 sq. mts., if a medical college was also to be set up in the hospital.
That issue has been dealt with by the learned single Judge by first recording a finding that even the State did not deny that actually the IPHSs' guidelines were not applicable and in fact it was the regulations of 1999 notified by the MCI that were followed and further, the respondents herein (writ petitioners) had also proposed a total constructed area of 1,14,431 sq. mts. including the existing hospital building, the proposed
LPA No.1546 of 2015 hospital building, medical college, hospitals' residences etc. The Eligibility Certificate form to be issued contains a column by which the State Government is to give full justification for opening of the proposed college. That justification has been given in the recommendations made by the Director, Medical Education and Research, Haryana, as also in fact, by the recommendation earlier made by the Additional Chief Secretary to the Govt. in the Department of Medical Education and Research, in his note put up to the hon'ble Health Minister, before the order impugned before the learned single Judge was passed on 07.07.2015.
That being so, with there being admittedly no shortage of space with the respondent institution to actually go ahead with the contention proposed by it, and in any case the MCI regulations of 1999 being prevalent over the IPHSs' norms (though if the construction proposed is completed, even those norms would seem to be met with), I fully agree with the detailed reasoning given by my learned brother in his judgment, upon the appeal having been pronounced to be dismissed by us on 29.10.2015.
Coming then to whether the detailed reasoned judgment of by my brother can be signed at this stage, after he has demitted office, it need be said (as has also been stated in other judgments signed by me, in the past two weeks), is that an order pronounced would not stand negated by late issuance of a detailed and reasoned judgment, as has been held by the Privy Council in Firm Gokal Chand Jagan Nath v. Firm Nand Ram DasAtma Ram AIR 1938 PC 292 and subsequently by the Supreme Court in Surendra Singh and others v. State of Uttar Pradesh AIR 1954 SC 194 and Iqbal Ismail Sodawala v. The State of Maharashtra and others (1975) 3 SCC 140.
LPA No.1546 of 2015 In Firm Gokal Chand, it was held by their Lordships as follows:- "A further point was raised by the appellants. They urged that the judgment of the High Court appealed from was not a valid judgment because it failed to comply with Order 41, Rule 31, Civil Procedure Code. The relevant facts on this issue are that the hearing in the High Court was before two Judges, Harrison and Agha Haider JJ., and was actually delivered by the former Judge, the latter agreeing. The judgment was delivered on 22nd February 1933, but Harrison J. went on leave before signing the judgment, which was signed by Agha Haider J., the Deputy Registrar appending a note that Harrison J. had gone on leave before signing the judgment he delivered. Order 41, Rule 31 requires that the judgment of the Appellate Court shall be in writing and shall state various matters, and "shall at the time that it is pronounced be signed and dated by the Judges or by the Judges concurring therein."
8.
The Rule does not say that if its requirements are not complied with the judgment shall be a nullity. So startling a result would need clear and precise words. Indeed the Rule does not even state any definite time in which it is to be fulfilled. The time is left to be defined by what is reasonable. The Rule from its very nature is not intended to affect the rights of parties to a judgment. It is intended to secure certainty in the ascertainment of what the judgment was. It is a rule which Judges are required; to comply with for that object. No doubt in practice Judge do so comply, as it is their duty to do. But accidents may happen. A Judge may die after giving judgment but before he has had a reasonable opportunity to sign it. The Court must have inherent jurisdiction to supply such a defect. The case of a Judge who has gone on leave before signing the judgment may call for more comment, but even so the convenience of the Court and the interest of litigants must prevail. The defect is merely an irregularity. But in truth the
LPA No.1546 of 2015 difficulty is disposed of by Sections 99 and 108. Civil Procedure Code section 99 provides that no decree shall be reversed or substantially varied nor shall any case be remanded in appeal on account of any error, defect or irregularity in any proceedings in the suit not affecting the merits of the case or the jurisdiction of the Court. That Section comes in the part dealing with appeals from original decrees. But Section 108 applies the same provision to appeals from appellate decrees and it is always in the discretion of the Board to apply the principle on appeal to His Majesty in Council. In their Lordships' judgment the defect here was an irregularity not affecting the merits of the case or the jurisdiction of the Court, and is no ground for setting aside the decree."
Surendra Singhs' case was a criminal appeal before the Allahabad High Court. In that case, after having signed the draft of a judgment that had been reserved, and sending it to the other member of the Division Bench, the hon'ble Judge who had sent the draft (Bhargava, J.) unfortunately died before the judgment was pronounced. In such a situation, their Lordships of the Supreme Court held that the judgment subsequently pronounced by Kidwai, J. could not be held to be a valid judgment and therefore the death sentence upheld in the case of one of the appellants and the sentences for lesser periods for different offences in respect of the other appellants, could not be held to be operative and that hence, the appeals would have to be reheard by the High Court. Thus, in that case the judgment was never actually pronounced by Bhargava, J.
before he died and what was signed and sent by him to Kidwai, J. was a draft judgment. Therefore, it was held that it could not be presumed that Bhargava, J.
LPA No.1546 of 2015 before pronouncing the judgment.
In the present case the judgment having been duly pronounced in Court, to the effect that the appeal of the appellants is dismissed, the situation as existed in Surendra Singhs' case (supra) is not applicable. In Sodawalas' case (supra), it was not a judgment in appeal that was in question but the judgment of the trial Court itself, which had been pronounced in Court but had not been delivered after signature and transcription, to the accused.
Referring to the judgment in Surendra Singhs' case as also to Firm Gokal Chand, it was held that the learned Sessions Judge not appending his signatures to the judgment at the time it was pronounced, due to it not having been transcribed, was a procedural irregularity which would not vitiate the conviction of the accused.
In the present case, though there is no issue of any transcription from one language to another, but nonetheless, the judgment drafted by my learned brother being, to repeat, in elaboration of and giving reasoning for what was pronounced in Court, in my opinion, it would be appropriate to issue the judgment formally even now, though a very long time has elapsed since its pronouncement.
It needs to be noticed here that in Vinod Kumar Singh v. Banaras Hindu University and others (1988) 1 SCC 80 , it was held by the Supreme Court that a judgment which has been pronounced but not signed, can be even modified, if there are adequate reasons for the same, in which situation, the matter should be placed for further consideration, upon notice to parties.
That situation does not arise in the present case as the detailed
LPA No.1546 of 2015 judgment is not different to the order pronounced in Court on 29.10.2015. Consequently, I agree with the judgment of my learned brother S.S. Saron, J.
(AMOL RATTAN SINGH) JUDGE January 29, 2018 dinesh