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    <title>1981 (1) TMI 250 - Supreme Court</title>
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    <description>Section 18AA of the Industries (Development and Regulation) Act, 1951 was construed as permitting urgent takeover action where immediate intervention is needed, but not as expressly or by necessary implication abolishing audi alteram partem in every case. The Court held that the gravity of civil consequences required a fair pre-decisional opportunity, subject to tailoring for genuine urgency, and that Section 18F was only a limited post-decisional cancellation power rather than a full substitute for hearing. One concurring opinion treated the statutory scheme as implying exclusion of prior natural justice in urgency-driven cases.</description>
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      <title>1981 (1) TMI 250 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=155852</link>
      <description>Section 18AA of the Industries (Development and Regulation) Act, 1951 was construed as permitting urgent takeover action where immediate intervention is needed, but not as expressly or by necessary implication abolishing audi alteram partem in every case. The Court held that the gravity of civil consequences required a fair pre-decisional opportunity, subject to tailoring for genuine urgency, and that Section 18F was only a limited post-decisional cancellation power rather than a full substitute for hearing. One concurring opinion treated the statutory scheme as implying exclusion of prior natural justice in urgency-driven cases.</description>
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