https://www.taxtmi.com/caselaws?id=170077 Where a licence and the governing rules deem the Gazette notification to be the commencement date, that date governs computation of the period for exercising the purchase option, so the notice was treated as timely on that basis. Section 6(6) of the Indian Electricity Act, 1910, requiring delivery of the undertaking before payment of the purchase price, was held to impose an unreasonable burden on property and business rights because the scheme provided no effective interest remedy on the deferred amount, making it inconsistent with Articles 19(1)(f) and 19(1)(g). The result was that the purchase notice did not validly effect the takeover. en-us Thu, 12 Sep 1974 00:00:00 +0530 Sat, 16 May 2015 11:32:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170077 Where a licence and the governing rules deem the Gazette notification to be the commencement date, that date governs computation of the period for exercising the purchase option, so the notice was treated as timely on that basis. Section 6(6) of the Indian Electricity Act, 1910, requiring delivery of the undertaking before payment of the purchase price, was held to impose an unreasonable burden on property and business rights because the scheme provided no effective interest remedy on the deferred amount, making it inconsistent with Articles 19(1)(f) and 19(1)(g). The result was that the purchase notice did not validly effect the takeover. Case-Laws Indian Laws Thu, 12 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170077