In a landmark verdict, the Supreme
Court held that States are not empowered under the Constitution to take over
all privately-owned resources for distribution to serve the "common
good."
The bench, however, stated
that States can stake claim over private properties in certain cases.
The top court observed that all
private properties are not material resources. Hence, these cannot be taken
over by the State.
The nine-judge bench delivered the judgment on
the issue with an 8-1 majority.