Search Results for "Sick Textile Undertakings"

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Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

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Supreme Court Dismisses Bank's Appeal Against National Textile Corporation in Pre-Nationalisation Dues Dispute. Claims for pre-nationalisation period cannot be enforced against the successor entity under the Textile Undertakings (Nationalisation) Act, 1995.

The dispute arose from credit facilities extended by UCO Bank (appellant) to Shree Sitaram Mills Ltd., which was taken over by the National Textile Co...

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Bombay High Court Dismisses Employer's Petition Challenging Unfair Labour Practice Orders — Industrial Court's Findings Upheld Under MRTU & PULP Act. Employer Denied Salary and Benefits to Employees During Strike Period, Constituting Unfair Labour Practices Under Items 5 and 9 of Schedule IV.

The petitioners, National Textile Corporation (Maharashtra North) Limited and its General Manager, challenged two orders of the Industrial Court at Bo...

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Bombay High Court Dismisses Petition Challenging Retirement Age Reduction by National Textile Corporation. Division Bench precedent upholding rollback from 60 to 58 years held binding.

The petitioners, three employees of India United Mills prior to its nationalization under the Sick Textile Undertakings (Nationalization) Act, 1974, c...

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Bombay High Court Dismisses Petitions Challenging Transfer of Employees from Municipal Corporation to State Government. Transfer of employees under Section 451 of Mumbai Municipal Corporation Act, 1888 held valid as in public interest and for better administration.

The judgment involves multiple writ petitions filed by employees of the Brihanmumbai Municipal Corporation (BMC) challenging their transfer to the Sta...

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Bombay High Court Dismisses Petition Challenging Nationalisation of Textile Mill Under Sick Textile Undertakings (Nationalisation) Act, 1974. Court upholds validity of notification taking over management of Elphinstone Spinning and Weaving Mills Co. Ltd. as a sick textile undertaking.

The petitioners, Elphinstone Spinning and Weaving Mills Co. Ltd. and its director Ashok Kumar Jalan, filed a writ petition challenging the notificatio...