Union Of India & Anr vs Cynamide India Ltd. & Anr on 10 April, 1987
92. In that context and in response to the submission made, this Court
drew a distinction between price fixation governed by statutory
considerations and price fixation governed by non-statutory considerations.
It was held that on this basis Union of India v. Cynamide India Ltd. &
Anr.[3] was distinguishable since it dealt with price fixation based on
statutory considerations. In a case of price fixation having its origin on
non-statutory materials the scope of judicial scrutiny would be far less.
It was said in paragraph 15 of the Report as follows: