Court : DRAT Madras
Reported in : I(2006)BC54
..... 1437/ 2002 is a sick textile undertaking, the management of which was taken over by the central government under the sick textile undertakings (taking over the management) act, 1972 on 31.10.1972, and the said sick textile undertaking (ananthapur cotton mills) was nationalised under the sick textile undertaking (nationalisation) act, 1974, and the national textile corporation (ntc) became the ..... that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interests of the sick textile undertaking. the national textile corporation shall not omit to ratify a contract, and, shall not make any alteration or modification therein...". this provision is so ..... the contract or for making any alteration or modification therein, as provided in sub-clause (2) of proviso to section 30 of the sick textile undertakings (nationalisation) act, 1974 (hereinafter called the 'act'). admittedly, the appellant had not chosen to refuse or ratify the contract entered into .....
Tag this Judgment!Court : DRAT Madras
Reported in : II(2003)BC34
..... counsel for the appellant submits that under the act 81 of 1986 passed by the tamilnadu government every person having a claim against the owner of the textile undertaking shall prefer such claim before the commissioner within thirty days from the specified date under section 20 of the act. provided that if the commissioner is ..... arose before that day, shall be enforceable against the central government or the state government or the textile corporation.12. the case on hand is the decree was passed and prior to taking over of the mill by the tamilnadu textile corporation ltd. so, as per section 6 every liability other than the liability specified in sub-section ..... (2) shall be enforceable against the erstwhile owner of the mill and not against the government or textile corporation. so, something requires to .....
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