Bombay High Court Dismisses Bank's Petition for Payment Under Guarantee in Textile Nationalisation Case — Guarantee Not Covered Under Section 5(1)(c) of Textile Undertakings (Nationalisation) Act, 1995. The guarantee executed by the Central Government for advances made after the appointed day was held not to be a liability of the textile undertaking under Section 5(1)(c) of the Textile Undertakings (Nationalisation) Act, 1995.
7 Sep 2006The petitioner, Union Bank of India, a nationalised bank, had advanced money to Poddar Mills (Process House), which was leased by M/s Poddar Mills Ltd...




