( 1 ) THE present judgment will dispose of two petitions being C. W. P. No-5424/93 (Ballarpur Industries Ltd. and others v. Union of India and others) and C. W. P. No-546/1995 (M/s Balsara Hygiene Products Ltd. and another v. Union of India and others ). The First petition is filed for issuance of writ in the nature of certiorari for quashing the impugned notification dated 26th August, 1993 and for an appropriate order or direction including writ of prohibition prohibiting the respondents from in any manner implementing and acting upon or enforcing the provisions of the aforesaid notification. It may only be necessary to state the facts of the first petition as both the petitions raise common questions of law in respect of the challenge to the same notification.

( 2 ) PETITIONER No. 1 is engaged in the business of paper, chemicals, edible oils etc. and is alleged to be one of the biggest manufacturer of edible oils with large turnover. Petitioner No. 2 is engaged in the business of dry-fruits and petitioner No. 3 is engaged in the business of manufacturing of labels and the annual turnover is estimated to be Rs. 5. 1 crores. Similarly, petitioner No. 4 is engaged i