https://www.taxtmi.com/caselaws?id=282889 Statutory specification of textile undertakings as sick units did not require a prior hearing, because the Act treated inclusion in the Schedule as conclusive for takeover purposes and no individual adjudication was contemplated. The legislative identification of undertakings on statutory criteria did not amount to an impermissible exercise of judicial power, so the separation of powers and basic structure challenge failed. The nationalisation scheme also could not be attacked merely for alleged inadequacy or illusory compensation, as it was treated as implementing the constitutional policy then protecting such measures. The takeover and nationalisation framework was therefore upheld. en-us Fri, 26 Sep 1986 00:00:00 +0530 Thu, 29 Aug 2019 16:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282889 Statutory specification of textile undertakings as sick units did not require a prior hearing, because the Act treated inclusion in the Schedule as conclusive for takeover purposes and no individual adjudication was contemplated. The legislative identification of undertakings on statutory criteria did not amount to an impermissible exercise of judicial power, so the separation of powers and basic structure challenge failed. The nationalisation scheme also could not be attacked merely for alleged inadequacy or illusory compensation, as it was treated as implementing the constitutional policy then protecting such measures. The takeover and nationalisation framework was therefore upheld. Case-Laws Indian Laws Fri, 26 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282889