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What did the Supreme Court decide in Excel Wear v. Union of India (1978)?

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1. What did the Supreme Court decide in Excel Wear v. Union of India (1978)?

The State can freely nationalise any private business

The right to run a business does not include the right to close it

Provisions letting the government block business closures without real reasons were struck down

Article 19(6) does not apply to private companies

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