Sick Textile Undertaking - Definition - Law Dictionary Home Dictionary Definition sick-textile-undertaking

Definition :

Sick textile undertaking, industry remaining closed for a period of not less than three months before the appointed day is a 'sick textile undertaking', Bijli Cotton Mills (P) Ltd. v. Union of India, AIR 1987 SC 244 (245): (1986) 4 SCC 184. [Sick Textile Undertakings (Taking over Mangement) Act, 1972 s. 2(d)(ii)]