Textile Undertakings (Nationalisation) Act, 1995

The original lease of a 99‑year term on a plot in Mumbai, used for a cotton mill, later vested in a charitable trust. After the lease expired, Podar Mills occupied the premises as a protected tenant under the Bombay Rents Act. The Textile Undertakings (Nationalisation) Act, 1995 vested the statutory tenancy rights in t…

The National Textile Corporation Ltd. (NTC) occupied premises that were originally leased to Poddar Mills, a textile undertaking taken over by the Central Government under the Textile Undertakings (Nationalisation) Act, 1995. The owners of the premises filed an eviction suit under the Maharashtra Rent Control Act, 1999…

UCO Bank (appellant) sought recovery of a large sum from Shree Sitaram Mills Ltd. and its successor National Textile Corporation Ltd. (NTC) after the mill was taken over and nationalised under the Textile Undertakings (Take‑over of Management) Act, 1983 and the Textile Undertakings (Nationalisation) Act, 1995. The bank…