Ceiling on net borrowing: SC refers Kerala govt's suit to five-judge Constitution bench
In an original suit filed under Article 131 of the Constitution, the Kerala government has said the Constitution bestows fiscal autonomy upon states to regulate their finances under various articles, and the borrowing limits or the extent of such borrowings are regulated by state legislation.
Chief Jus Supreme Court Kerala Government Ceiling On Net Borrowing Five Judge Constitution Bench Article 293
Source: indiatimes.com