The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 390] NEW DELHI ,.WEDNESDAY, SEPTEMBER 7, 1977/BHADRA 16, 1899
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF INDUSTRY
(Department of Industrial Development)
ORDER
New Delhi, the 7th September 1977
S.O. 662(E)—whereas by the Order of the Government of India in the Minis- try of Industry No S O 337(E), dated the 16th May, 1977, the management of the industrial undertaking known as Messrs Khardah Company Limited, Calcutta (hereinafter referred to as the said industrial undertaking) hag been taken over under section 18AA of the Industries (Development and Regulation) Act, 1051 (65 of 1951), for a period of five years upto and inclusive of the 15th May, 1982; And whereas the Central Government is satisfied that in relation to the said industrial undertaking it is necessary as to do in the interests of the general pub- lic with a view to preventing fall in the volume of production of the scheduled industry, namely Jute Industry,
Now, therefore, in exercise of the powers conferred by clause (b) of sub- section (1) of section 18FB of the said Act, the Central Government hereby declares that the operation of all contracts, assurances of property, agreements, settlements, awards, standing orders or other instruments in force immediately before the date of issue of this Order (other than those relating to secured liabi- lities to banks and financial institutions) to which the said industrial undertaking or the company owning such industrial undertaking is a party or which may be applicable to such Industrial undertaking or company shall remain suspended for a period of one year and that all the rights, privileges, obligations and liabilities accruing or arising thereunder before the said date shall remain suspended lor the said period.
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