9911796707
TMI Blog1984 (5) TMI 180X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the Central Government under section 15 of the Industries (Development and Regulation) Act, 1951, hereinafter referred to as the Act, in respect of the rayon unit of the first petitioner. The first petitioner is a public limited company incorporated and registered under the Companies Act, 1913. The second petitioner is a shareholder of the first petitioner. Respondents Nos. 1 to 7 are the Union of India and persons appointed by the Central Government by its impugned order dated 6th August, 1983, for the purpose of investigation postulated by the said order. Respondent No. 8 is the State of Uttar Pradesh. The first petitioner has, inter alia, a cotton textile mill at Kanpur and a mill for manufacture of rayon filament yarn, also, at K ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... between the years 1960 and 1971. Certain excise duty exemptions were granted on the product of the rayon unit of the petitioner in 1967, but were withdrawn with effect from March 31, 1972. According to the petitioners, there were diverse difficulties faced by the rayon unit with the result that there was an aggregate loss of Rs. 37 lakhs between 1959 and 1975. On October 1, 1975, the rayon plant was given on licence to another company, M/s. J. K. Synthetics Ltd., which started the rayon plant. However, on March 4, 1975, the rayon unit had to close down on account of a 100 per cent. Power cut and it remained closed for eight months. On an assurance given by the 8th respondent, the Government of the State of Uttar Pradesh, on September 24, 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to close down because of labour trouble later in January, 1981. At the request of the first petitioner the Central Government appointed Shri Inamdar, by a communication dated June 6, 1981, for examination of the problems faced by the rayon unit with a view to finding out a solution. Shri Inamdar gave his report and findings in July, 1981. The factory which had been closed down by virtue of a closure notice was reopened in the middle of 1981. The labour trouble, however, continued as also frequent poser-cuts and power interruptions. By 1982, the total loss suffered amounted to Rs. 863.86 lakhs. It is pointed out by the petitioners that by this time the rates for consumption of electricity had also been raised. The aggregate loss from 1975 t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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