Subject NOT available

click here for IIIF manifest

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 518] NEW DELHI, SATURDAY, NOVEMBER 21, 1981/KARTIKA 30, 1903

Separate paging is given to this Part in order that it may be filed as a separate

compilation

MINISTRY OF EVDUSTKV

(Department of Industrial bevelityment)

ORDERS

New Delhi, the 21st November, 1981

S.O. 821(E)/18\A/IDRA/Hl.—Whereas Messrs Mohini Mills Ltd., Belgharia, West Benfial (hereinafter referred to as the •aid industrial undertaking) is engaged in a scheduled in- dustry, namely, the cotton textiles industry;

And whereas from the documentary and other evidence in its possession, the Central Government was satisfied in rela- tion to the SHid industrial undertaking that it had been closed for a period of not less than three months and such closmc was prejudicial to the concerned scheduled industry and that the financial condition, and the condition of the plant and machinery, of the said industrial undertaking were such that it was possible to restart the said industrial undertaking and that such restarting was necessary in the interests of In? general public ;

And whereas a notice (hereinafter referred to as the show cause notice) was issued to the said industrial undertaking for requiring the said industrial undertaking to show cause, within a period of fifteen days from the date of receipt of the show cause notice by the said industrial undertaking, why the management of the whole of th-.-, said industrial under- taking should not be taken over under clause (b) of sub- jection (1) of section 1SAA of the Industries (Development and Regulation) Act, 1951 (65 of 1951V,

And whereas it was considered necessary in the intces's of the general public to take over immediately the manage- ment of the whole of the said industrial undertaking pending the issue of, and (he ieccipt of the reply to, (he shnw cause notice nnd the consideration thereof;

And whereas by Order of the Government of India in the Ministry of Industry (Department of Industrial Develop- ment) No. S.O. 767(E) dated th= 23rd October, 1981 (hcic- inafter referred to as the said Order of take over) the Na- tional Textile Corporation, Surya Kiran Building, Kasturba Gandhi Marg, New Delhi (hereinafter referred to as the authorised person) was authorised by the Central Govern- ment in exercise of the powers conferred by clause (b) of iub-sect^On (1) of section 18AA of the Industrie* (Develop- ment and Regulation) Act, 1951 (65 of 1951) to take over the mananement of the whole of the said industrial under- taking and the management of the industrial undertaking was accordingly taken over on 24th October, 1981.

And whereas a representation has been leceived from Shri S. K. Patra, Solicitor find Advocate, High Court, Calcutta on behalf of his clients M/s. Molvni Mills Ltd. having its registered office .v No. 7.2 Riplabi Rnsh Behaii Basu, Road, Calcutta;

And whereas the said representation h;;s been examined

by the Central Government;

No. 822(E)/18FB/IDRA,/81.—Whereas by the Order of

the Government of India in the Ministry of Industry (Depart- ment of Industrial Development) No. S.O. 7K3(F)/18FB/ 1DRA/81 dutcu the 2nd November, l'JSl (hereinafter refer- iied to as the said order), the Central Government, in exercise of the powers conferred by claune (b) of sub-section (1) of section 18FB of the Industries (Development and Regulation) Act, 1951 (65 of 1951), declared that the operation of all or any of the contracts assurances of property, agreements, settlements, awards, standing orders or ether instruments in force immediately before the date of issue of the said order (other lhan those relating to secured liabilities to banks and financial institutions) to which the industrial undertaking known as Messrs. Mohini Mills Ltd., Belgharui, is a party on which may be applicable to the said industrial undertaking, shall remain suspended uplo and inclusive of 21 si November, 1981, and that all the rights, privileges, obligations mid liabi- lities accruing or arising theicundcr before the said date shall remain suspended for the said pe;iod ;

And whereas the Cerlial Government is satisfied that the duration of the said order should be extended for a further period of six months;