The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 121] NEW DELHI, THURSDAY, MARCH 9, 1978/PHALGUNA 18, 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 9th March, 1978
312 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3 (ii) ]clause (b) of sub-section (1) of section 18AA of Industries (Development and Regulation) Act, 1951 (65 of 1951), tor a poriod of 3 years ;
And whereas the Central Government is satisfied that in relation to the said industrial undertaking it is necessary so to do in the interest of the general public with a view to preventing fall in the. volume of production of the scheduled 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 opera- tion of all contracts, assurances of property, agreements, settlements, awards, standing orders or other instruments "rn" fovce immediately before the date of issue of this Order (other than those relating to secured liabilities to banks and financial institutions) to which the said industrial undertak- ing or the company owning such industrial undertaking ig a party or which may be applicable to such industrial under- taking or Company shall remain suspended for a period of one year and all the rights, privileges, obligations and liabi- lities accruing or arising thereunder before the said dale shall remain suspended for the said period.
[File No. 4/4/78-CUC]
P. C. NAYAK, it. Secy.