A division bench of justices V M Kanade and M S Sonak said it would pass its order next week.
The Maharashtra Animal Preservation (Amendment) Act, enforced last month by the state government, bans slaughter of cows, bulls and bullocks and also consumption and possession of their meat.
Three petitions were soon filed challenging sections 5 (d) and 9 (a) of the Act, which prohibit possession and consumption of meat of cow, bulls and bullocks even if the animals have been slaughtered outside Maharashtra.
Senior counsel Aspi Chinoy, appearing for one of the petitioners, had argued that such a ban on consumption was violative of the fundamental right of a person to have his choice of food.
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"Section 5 (d) is extremely invasive, drastic and intrusive. There is no real justification behind making possession and consumption of beef a cognisable offence. The government should not arbitrarily invade the rights of citizens," Chinoy argued.
He said that the state has not even contemplated regulation of import of meat.
Advocate General Sunil Manohar had, however, argued that consumption of beef is not a fundamental right of a citizen and the state government can regulate a person's fundamental right to have his choice of food.
"It is not a fundamental right of a citizen to eat beef. It cannot be said that the government cannot take away these rights. The state legislation can regulate consumption of flesh of any animal the source of which is reprehensible. Under the Animal Protection Act, there is a prohibition on consumption of wild boar, deer and other animals," he argued.