https://www.taxtmi.com/caselaws?id=172392 Article 31A(1)(b) protects a statutory takeover of textile undertaking management when it operates as a finite interim measure pending nationalisation, rather than an indefinite acquisition of ownership. The statutory scheme, including its purpose and structure, supports treatment of management takeover as transitional. Inclusion of undertakings in a statutory schedule does not violate Article 14 where the classification rationally advances rehabilitation, protection of public funds and workers' interests, with economic legislation receiving presumptive validity and legislative latitude. Protection under Article 31A(1)(b) also defeats an Article 19(1)(g) challenge; direct management takeover may remain reasonable as a public-interest economic measure. en-us Mon, 01 Jan 2001 00:00:00 +0530 Thu, 20 Aug 2015 16:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172392 Article 31A(1)(b) protects a statutory takeover of textile undertaking management when it operates as a finite interim measure pending nationalisation, rather than an indefinite acquisition of ownership. The statutory scheme, including its purpose and structure, supports treatment of management takeover as transitional. Inclusion of undertakings in a statutory schedule does not violate Article 14 where the classification rationally advances rehabilitation, protection of public funds and workers' interests, with economic legislation receiving presumptive validity and legislative latitude. Protection under Article 31A(1)(b) also defeats an Article 19(1)(g) challenge; direct management takeover may remain reasonable as a public-interest economic measure. Case-Laws Indian Laws Mon, 01 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172392