Court : Mumbai
Reported in : 1993(1)BomCR305; (1993)IILLJ176Bom
..... he was dismissed legally and properly. 6. while the application of the employee was pending hearing and final disposal before the first labour court, bombay, the sick textile undertakings (nationalisation) act, 1974 came into force from april 1, 1974 and the n.t.c. became the owner of dye works which formerly belonged to the india united mills ..... respect of any period prior to april 1, 1974, was enforceable against them. then n.t.c. further contended that under the provisions of the sick textile undertakings (nationalisation) act, 1974, no award, decree or order of any court or authority could be passed after april 1, 1994 and enforced against them in respect of any claim ..... dated september 6, 1976 took the view that it had no jurisdiction to entertain the application of the employees in view of the provisions of the sick textile undertakings (nationalisation) act, 1974 inasmuch as the liability or claim which was sought to be enforced could not be enforced against n.t.c. as it pertained to a .....
Tag this Judgment!Court : Madhya Pradesh
Reported in : [1999]239ITR176(MP)
..... liabilities as envisaged in the act. the corporation later claimed a deduction of rs. 94,36,506 for the assessment year 1984-85 on account of the gratuity paid to the ..... liability of the gratuity for the pre-nationalisation period ?'2. the assessee is a corporation owned by the government of madhya pradesh. it took over all the assets of sick textile mills as per their value shown in the balance-sheet as on march 31, 1974, pursuant to the sick textile undertakings (nationalisation) act, 1974. it also took over certain ..... 7. the present case falls in the latter category because the assessee-corpo-ration had made a provision of a reserve at the time of the nationalisation of the sick textile units out of which gratuity was paid to the employees over a period of time and also during the year under assessment. therefore, it was not .....
Tag this Judgment!Court : Madhya Pradesh
Reported in : 2004(3)MPHT366; 2004(4)MPLJ63
..... the decision in souriyar luka on which reliance is placed by mr. gopal subramaniam is correct. the ruling of national textile corpn. (m.p.) ltd. rested on the interpretation of the provisions of sick textile undertakings (nationalisation) act (57 of 1974). that is not relevant. the question with which we are concerned did not directly arise in ..... of dues disconnected the electricity supply of respondent no. 7. the respondent no. 6 m.p. financial corporation also took steps under section 29 of the act and transferred the property in favour of respondent no. 8. thereafter with the concurrence of respondent no. 6 the property was transferred by respondent no. 8 ..... the present cases the supply of electricity to a particular premises which had the benefit of enjoying electricity had been disconnected under section 24 of the electricity act. the auction-purchasers want reconnection. the board say no; unless and until the consumption charges in relation to that property which came to be incurred .....
Tag this Judgment!Court : Kolkata
Reported in : (1983)37CTR(Cal)311,[1983]143ITR909(Cal)
..... in reply to the aforesaid affidavit of bimal chandra chatterjee. it is, inter alia, contended in this affidavit that under the sick textile undertakings (nationalisation) act, 1974, no legal steps can be taken for recovery of any outstanding loan against the national textile corporation and, in any event, the said loan is not repayable by the said corporation. the petitioner in the circumstances treated the ..... on the 31st march, 1971, it appeared that there was little chance of recovery of the unsecured loan advanced by the petitioner. the sick textile undertaking (nationalisation) ordinance, 1974, under which compensation was payable for taking over of the undertaking provided that such compensation would be utilised first for payment of secured loans and other prior claims and thereafter for payment of unsecured loans .....
Tag this Judgment!Court : Gujarat
Reported in : (1996)3GLR536
..... application for interim injunction (exhibit 5) in civil suit no. 4673 of 1995 rejecting the application. the respondent herein is a government company registered under the companies act. the gujarat closed textile undertakings (nationalisation) act, 1986 ('the act' for brevity) came into force on 8-11-1985. the suit properties originally belonged to new swadeshi mills of ahmedabad limited. the same came to be vested in ..... be stated at the outset that respondent-defendant corporation is a state owned company. in fact, under the provisions of gujarat closed textile undertakings (nationalisation) act, 1986, assets of various closed textile units are vested in respondent-defendant corporation. when any closed textile unit is found to be non-viable economically or even otherwise it decides to dispose of or sell away the assets of such .....
Tag this Judgment!Court : Gujarat
Reported in : (2008)2GLR1048
..... the trial court, under section 114 of the act, 1882, in view of the aforesaid decision, original plaintiff is entitled to get their rent only. property of defendant no. 1 company was taken over by defendant no. 2, as per sections 3 and 4 of the sick textile undertakings (nationalisation) ordinance,1974. thus, all rights, which ..... or arising out of, such property as were immediately before the appointed day in the owner-ship, possession, power of control of the textile company in relation to the sick textile undertaking, whether within or outside india, and all books of account, registers and all other documents of whatever nature relating thereto. 2.6 bifr ..... by virtue of sub-section (1) shall, immediately after it has so vested, stand transferred to, and vested in, the national textile corporation. general effect of vesting.4(1) the sick textile undertaking referred to in section 3 shall be deemed to include all assets, rights lease holds, powers, authorities and privileges and all property, .....
Tag this Judgment!Court : Rajasthan
Reported in : 1988(2)WLN275
..... were in liquidation the management of their units were taken by the central government under the provisions of the sick textile (taking over of management) act, 1972 in the year 1972 and subsequently, the mills were nationalised in the year 1974 under the provisions of the sick textile undertakings (nationalisation) act 1974 and their ownership was transferred to the ntc ltd., under section 3 of the said ..... act. ntc ltd. formed 9 subsidiary corporations under section 6 of the said act and the petitioner is one of the nine subsidiary corporations which is controlling .....
Tag this Judgment!Court : Gujarat
Reported in : (1998)3GLR2578
..... from the compensation to be paid to respondent no. 3, i.e., the amount found payable to the owner of the closed textile which has been nationalised under the provisions of the gujarat closed textile undertakings (nationalisation) act, 1986 (hereinafter referred to as act 1986). as the state government is a party here, i do not consider it to be necessary to implead the official liquidator as ..... is not in dispute that the respondent no. 3 was a closed textile undertaking which has been nationalised under the provisions of the act 1986. the 'appointed day' under the aforesaid act, is 8th november 1985. section 5(1) of the act 1986 provides that 'every liability of the owner of the specified textile undertaking in respect of any period prior to the appointed day, shall be the .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR1984SC1688; (1984)3CompLJ49(SC); 1984(2)Crimes441(SC); [1984(49)FLR382]; 1984(2)SCALE218; (1984)4SCC222; [1985]1SCR626
..... result of that notification, the administration and control of the company are vested in an administrator appointed by the central government under that act. later, the company was notified as a sick textile undertaking under the first schedule to the sick textile undertakings (nationalisation) act, 1974, which came into force on april 1, 1974.7. the complaints for non-payment of the employer's contribution to the ..... provident fund were filed against the accused under section 14(2a) of the act which reads thus :section 14. penalties.x x x(2-a .....
Tag this Judgment!Court : Kerala
Reported in : (1989)IILLJ493Ker
..... or clause (c) of article 39'. the validity of section 4 of the 42nd amendment act was considered by a constitution bench of the supreme court in minerva mills' case 1980(3) scc 625 where the constitutional validity of the sick textiles undertakings (nationalisation) act, 1974 was in question. chandrachud, c j. for himself and on behalf of gupta. ..... untwalia and kailasam, jj held that section 4 of the amending act was invalid and void. bhagwati j. as he then was, wrote a separate ..... carry on trade is also a matter that requires consideration with reference to the peculiar nature of the problems of labour in the motor transport undertakings dealt with under the act.12. nothing has been brought out before us to invalidate the provision for the employer's contribution of 8% of the wages towards .....
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