The Supreme Court bench referred to Article 293 of the Constitution, which deals with borrowing by states.
The Supreme Court of India. (iStock)
The Supreme Court on Monday, 1 April, referred to a five-judge Constitution bench specific constitutional questions arising out of the Kerala government’s suit on the Centre’s ceiling on net borrowing of states. The court, however, refused to give interim relief Kerala sought for additional borrowing for 2023-24. It said Kerala received substantial relief from the Union following the court’s intervention.