Large Language Models (LLMs) have emerged as powerful tools to perform various tasks in the legal domain, ranging from generating summaries to predicting judgments. Despite their immense potential, these models have been proven to learn and exhibit societal biases and make unfair predictions. Hence, it is essential to evaluate these models prior to deployment. In this study, we explore the ability of LLMs to perform Binary Statutory Reasoning in the Indian legal landscape across various societal disparities. We present a novel metric, β-weighted Legal Safety Score (LSS_β), to evaluate the legal usability of the LLMs. Additionally, we propose a finetuning pipeline, utilising specialised legal datasets, as a potential method to reduce bias. Our proposed pipeline effectively reduces bias in the model, as indicated by improved LSS_β. This highlights the potential of our approach to enhance fairness in LLMs, making them more reliable for legal tasks in socially diverse contexts.