judgment rendered by the Hon'ble Supreme Court in lfe R.S. Madireddg u. UOI, rvherein it is observed that respondent Organization i.e. AIR India Limited is a Statutory Body under thc Air Corporations Act, 1953. With the repeal of 1853 Act by the Air Corporations (Transfer of Undertakings) Act, 1994, the Air India merged u,ith Indian Airlines and consequently, respondent Organization became a wholly Government-owned Company, thus came undr:r the category of other alrthorities, within the mcaning ol Article l2 of thc Constitution of India. Howevcr, on 08.10.2021, lhc Government of India has announced that it had acccpted the bid of Talace lnclia h.t. Ltd. to purchase its 10096 shares in respondent Organization. The rea[fer, on 27 .O1,.2022, the share purchasc agreemcnt rr,,as signed with Talace India Pvt. Ltd., wherein looo/o equity shares of the(iovenrmenL of India in AIR India Limited u,erre purchased by Talace India Private Limited and thereb.r,, respondent Organization was privatizcd and disinvested by the Government of India. Consequently, respondent Organization ceased to be a State or its instrumentality within the ambit of Article 12 of the Constitution. Once respond ent Organization is ceased to be