LawgistThe Textile Undertakings (Nationalisation) Act
34Textile companies not to be wound up by the court
No proceeding for the winding up of a textile company, the right, title and interest in relation to the textile undertaking owned by which have vested in the National Textile Corporation under this Act or for the appointment of a receiver in respect of the business of the textile undertaking shall lie or be proceeded with in any court except with consent of the Central Government.
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MISCELLANEOUS
- 27 Assumption of liability
- 28 Management to continue to vest in the custodian until alternative arrangements are made
- 29 Act to override all other enactments
- 30 Contracts to cease to have effect unless ratified by the National Textile Corporation
- 31 Penalties
- 32 Offences by companies
- 33 Protection of action taken in good faith
- 34 Textile companies not to be wound up by the court
- 35 Delegation of powers
- 36 Power to make rules
- 37 Power to remove difficulties
- 38 Repeal and saving
- 39 Validation
