Industrial Development and Regulation Act

The Uttar Pradesh Government issued a notification under Section 15 of the Uttar Pradesh Milk Act, 1976 fixing lower prices for cream and paneer, contrary to a price agreement between Central Dairy Farm (state‑owned) and Glindia Ltd. that had been affirmed by the Allahabad High Court in 1988. Glindia challenged the not…

The Industrial Financial Corporation of India (IFCI) advanced term loans to Cannanore Spinning and Weaving Mills Ltd. (the principal debtor) secured by mortgages and a Deferred Payment Guarantee (DPG). When the debtor defaulted, IFCI sought payment from the guarantors (defendants 2‑6 and the deceased K.D.) and also fil…

In 1983 the Government of India, responding to a prolonged textile strike, promulgated an Ordinance and later an Act to take over the management of thirteen textile mills pending their nationalisation. Three Bombay mills – Elphinstone Spinning & Weaving, Jam Manufacturing and New City – challenged the legislation, alle…