Judgment Search Results Home > Cases Phrase: textile undertakings nationalisation act 1995 section 2 definitions Page 5 of about 15,550 results (0.248 seconds)

National Textile Corporation Ltd Vs. Union of India and Anrq

Court : Delhi

..... is as under: 2. the respondent no.2 was nationalized with effect from 1st april 1994 under the textile undertaking (nationalisation) act, 1995 (hereinafter called, the said act ) and prior to takeover of the management of the respondent no.2 under the said act, a sum of money to the extent of rs.11,70,39,000/- became due and payable by the ..... are quite vague and ambiguous, but the position which emerges is: (i) that with effect from 1st april, 1994, by virtue of section 3(1) of the textile undertakings (nationalisation) act, 1995 the right, title and interest of shree sitaram mills limited (hereinafter called the earlier owner company ) in relation to its ..... government; suffice it is to state that the loans advanced by the banks including the nationalised banks do not find mention in subsection (2); section 5(3)(b) further provides that no award, decree or order of any court in relation to any textile undertaking, passed after 1st april, 1994 in respect of any matter, claim or dispute which .....

Kanti Cotton Mills Vs. Khodaji Gagjibhai and anr.

Court : Gujarat

Reported in : (2002)IIILLJ595Guj

..... has also relied upon the definition of section 2(h) of the gujarat sick textile undertakings (nationalisation) act, 1986 (hereinafter referred to as the said act). section 2(h) of the said act reads as under:'section 2(h) 'sick textile undertaking' means a textile undertaking, specified in the first schedule, the management of which has, before the appointed ..... of kanti cotton mill v. labhu the liability of the corporation carrying on business under section 18-aa of the act. however in view of the provisions of the gujarat sick textile undertakings (nationalisation) act, 1986 particularly section 2(h), section 3, sub-section 6 of section 4, section 7 and second schedule of ..... the act provides order of priority for the discharge of liability in respect of the liability the said liability is fixed on .....

Jindal Vijayanagar Steels Ltd., Now Known as Jsw Steel Ltd. Rep. by It ...

Court : Karnataka

Reported in : 2009(4)KCCR2566(D.B)

..... rights was challenged and that question, therefore, directly arose for consideration. the question was, however, not decided in the minerva mills case. section 39 of the sick textile undertakings (nationalisation) act, 1974, had also declared that the act was enacted for giving effect to the policy of the state towards securing the principles specified in clause (b) of article 39 of the constitution. article 31 ..... or abridges any of the rights conferred by article 14, article 19 or article 31'. the sick textile undertakings (nationalisation) act, 1974 was passed, we may mention here, before the constitution (forty-second amendment) act came into force. in order, therefore, to challenge the provisions of the sick textile undertakings (nationalisation) act, 1974 on the ground of inconsistency or abridgement or taking away of the fundamental rights conferred by .....

The Singareni Collieries Company Limited, Rep. by Its General Manager ...

Court : Andhra Pradesh

Reported in : 1997(2)ALT126

..... -3-1974 in view of coming into force of industries (development and regulation) act 1951 hereinafter referred to as act of 1951. the mill in question was also nationalised in view of coming into force of sick textile undertakings (nationalisation) act 1974 hereinafter referred to as act 57 of 1974, and compensation of rs. 93 lakhs and odd was fixed.4 ..... of the whole or any part of the sick textile undertaking'.section 3 of the act 57 of 1974 deals about the acquisition of the mill and the rights of the owners in respect of such sick textile undertakings. section 4 deals about what will be consequences of acquisition and nationalisation. as far as the scope of this section ..... is concerned there is no dispute by both sides. section 5 of the act 1974 deals about the owner's liability which is extracted .....

Gajraj Pannalal Limited (In Liquidation) Vs. the Official Liquidator a ...

Court : Kolkata

..... and properties of mahalaxmi cotton mills ltd (in liquidation). in 1972, the central government took over the cotton mill under the industries (development and regulation) act, 1951. in 1974 the sick textile undertakings (nationalisation) act came into force and it was under such act that the said cotton mill and assets in relation thereto were taken over by the central government and vested in the national ..... take over only the assets in relation to the sick textile undertaking and not other assets of the owner unconnected to the sick textile undertaking. the applicant says that the expression 'in relation to' used in section 3 of the 1974 act has been interpreted by a division bench in construing similar provisions in the textile undertakings (nationalisation) act, 1995 where it was held that the assets that were .....

Madanlal Patodia and ors. Vs. Luxminarayan Cotton Mills Ltd. and ors.

Court : Kolkata

Reported in : [1978]48CompCas747(Cal)

..... of the present case, the petitioners are entitled to an order of rectification as asked for in the application under section 155 of the companies act, 1956 regarding the objection that in view of the sick textile undertakings (nationalisation) act, 1974, the petitioners have no locus standi and the application is not maintainable, in my view, the said contention is utterly baseless, as the corporate ..... the facts of this case the application should be allowed.5. referring to the sick textile undertakings (nationalisation) act, 1974, which came into force from 21st of december, 1974, and the appointed day under the said act is the 1st of april, 1974, mr. mukherjee submitted that the said act has not affected in any way the right of the petitioners to apply under section 155 .....

State Bank of India Vs. Edward Textile Mills Ltd. and anr.

Court : Mumbai

Reported in : AIR1988Bom313; 1987(3)BomCR396; [1990]69CompCas693(Bom); 1987MhLJ735

..... payments under the provisions of the sick textile undertakings (nationalisation) act, 1974.2. prior to 1st april 1974 the appellant state bank of india had entered into a cash credit arrangement with edward textile mills ltd. and had advanced various amounts to edward textile mills ltd. which were repayable with interest under the sick textile undertakings (nationalisation) act, 1974 the undertaking, inter alia of edward textile mills ltd was taken over and ..... became vested in the national textile corporation with effect from 1st april 1974. under section 5 of the .....

National Textile Corp.Ltd. Vs. Nareshkumar Badrikumar Jagad and ors

Court : Supreme Court of India

..... tenant by holding over the suit premises. the trust issued a legal notice dated 2.12.1994 to the national textile corporation (hereinafter called as the appellant), terminating its tenancy qua the suit premises. the parliament enacted the textile undertakings (nationalisation) act, 1995 (hereinafter called `the act 1995'). the trust filed an eviction suit against the appellant under the provisions of the bombay rents, hotel and ..... lodging house rates control act, 1947 (hereinafter called `the act 1947'). the act 1947 stood repealed by the maharashtra rent control act, 1999 (hereinafter called `the act 1999'). the respondent- trust issued a notice .....

Commissioner of Income-tax Vs. Ahmedabad Electricity Co. Ltd.

Court : Gujarat

Reported in : [2003]262ITR97(Guj)

..... there was no likelihood of recovering the dues of these debtors whose assets had vested in the state government free from all encumbrances since these textile undertakings were taken over as per the provisions of the gujarat closed textile undertakings (nationalisation) act, 1986. there were, therefore, no assets from which the assessee-company could have effected recovery of the dues in any forcible manner. in the ..... discharge their liabilities. these mills were admittedly taken over under the provisions of the gujarat closed textile undertakings (nationalisation) act, 1986. chapter ii of that act provides for acquisition of the rights of owners of specified textile undertakings. as provided in section 3(1) of the said act, on the appointed day, every specified textile undertaking and the right, title and interest of the owner in relation to every such .....

Commissioner of Income Tax Vs. Ahmedabad Electricity Co. Ltd.

Court : Gujarat

Reported in : (2003)181CTR(Guj)222

..... there was no likelihood of recovering the dues of these debtors whose assets had vested in the state government free from all encumbrances since these textile undertakings were taken over as per the provisions of the gujarat closed textile undertakings (nationalisation) act, 1986. there were, therefore, no assets from which the assessee-company could have effected recovery of the dues in any forcible manner. in the ..... discharge their liabilities. these mills were admittedly taken over under the provisions of the gujarat closed textile undertakings (nationalisation) act, 1986. chapter n of that act provides for acquisition of the rights of owners of specified textile undertakings. as provided in section 3(1) of the said act, on the appointed day, every specified textile undertaking and the right, title and interest of the owner in relation to very such .....