( 1 ) ALL the above appeals arise against the order passed by a learned Single Judge dated 25 March, 2003. Therefore, they are disposed of by a common order. By the said order, the learned Single Judge has set aside the disinvestment of Jessop and Co. Ltd.

( 2 ) THE appeal being FMA No. 433 of 2003 has been filed by Bharat Bhari Udyog Nigam Ltd. ; FMA No. 434 of 2003 by Ruia Cotex Ltd. ; FMA No. 435 of 2003 by Jessop and Co. Ltd. Staff Association and FMA No. 436 of 2003 Union of India.

( 3 ) THE basic question involved in all these four appeals is whether disinvestment of 72% equity shares of Government of India in Jessop and Co. Ltd. , in favour of Ruia Cotex Limited is justified or not.

( 4 ) FOR convenient disposal of all these appeals, it may be relevant to give a resume of the facts giving rise to these appeals.

( 5 ) INITIALLY, a writ petition was filed by Jessop and Co. Ltd. Staff Association represented by its Secretary, Aloke Kumar Brahmachari. By this writ petition, the petitioner prayed for a writ of mandamus directing respondent Nos. . 3 and 4 by restraining them from recommending, finalising and/or approving of any disinvestment of Gover