Supreme Court of India
National Textile Corpn. (up) Ltd. v. Dr. Raja Ram Jaipuria & Ors
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What the Court ordered
We hold that the D 10,00,000 shares in Swadeshi Polytex Limited and 17,18,344 shares in Swadeshi Mining and Manufacturing Company Limited held by the Swadeshi Cotton Mills vested in the Central Government under Sections 3 and 4 of the Act.
Judgment, page 14
From the headnote
SWADESHI COTTON MILLS COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1986: . . . . . s.27 - Complaint for wrongfully withholding the property forming part of textile undertaking - Held: In Doypack's case, the issue of vesting Bung/ow No. 2 of Swadeshi House was 0 neither considered nor was decided by Supreme Court - Categorical decision in Doypack, rejection of subsequent application, filed by· appellant for clarification/modification, direction to approach the civil court, dismissal of complaint uls 27 of the Act and proceedings under PP Act, go against the claim and stand
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