https://www.taxtmi.com/caselaws?id=103607 A State acquisition statute is not invalid merely because an industrial undertaking was already under Central Government management, where the transfer of management follows only as an incident of a valid acquisition. The Court held that the Indore Textiles acquisition law was enacted to secure continuity of production in the public interest, and that section 20 of the Industries (Development and Regulation) Act, 1951 did not bar a State Legislature from acquiring the undertaking under a different legislative entry. The challenge based on prior Central management and the timing of the Ordinance therefore failed, and the acquisition Act was upheld as valid. en-us Mon, 02 Mar 1998 00:00:00 +0530 Mon, 09 Sep 2013 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103607 A State acquisition statute is not invalid merely because an industrial undertaking was already under Central Government management, where the transfer of management follows only as an incident of a valid acquisition. The Court held that the Indore Textiles acquisition law was enacted to secure continuity of production in the public interest, and that section 20 of the Industries (Development and Regulation) Act, 1951 did not bar a State Legislature from acquiring the undertaking under a different legislative entry. The challenge based on prior Central management and the timing of the Ordinance therefore failed, and the acquisition Act was upheld as valid. Case-Laws Companies Law Mon, 02 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103607