https://www.taxtmi.com/caselaws?id=183133 The acquisition and vesting of the company's shares under the 1986 Act was upheld as serving a public purpose, namely securing continued manufacture and distribution of cloth and yarn and advancing Article 39(b) and (c). The shares were treated as part of the assets connected with the undertakings, and Section 8 was read as providing lump sum compensation for the undertaking as a whole rather than separate valuation of each asset. The constitutional objections based on absence of public purpose or compensation were rejected, and the earlier decision upholding the scheme foreclosed re-agitation of the same challenge. en-us Tue, 26 Apr 1988 00:00:00 +0530 Mon, 30 May 2016 16:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183133 The acquisition and vesting of the company's shares under the 1986 Act was upheld as serving a public purpose, namely securing continued manufacture and distribution of cloth and yarn and advancing Article 39(b) and (c). The shares were treated as part of the assets connected with the undertakings, and Section 8 was read as providing lump sum compensation for the undertaking as a whole rather than separate valuation of each asset. The constitutional objections based on absence of public purpose or compensation were rejected, and the earlier decision upholding the scheme foreclosed re-agitation of the same challenge. Case-Laws Indian Laws Tue, 26 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183133