The Central Government, however, issued an appropriate numberification whereby and whereunder the said mills instead of companytinuing to vest in the Central Government were directed to vest in the National Textile Corporation Gujarat .
The appellant had given the facility of hypothecation account with the limit of Rs.13,50,000.00p.
being the amount of bills cheques purchased by the appellant on or before March 31, 1974 but realized on or after April 1, 1974.
By an order dated 30.09.1978, the Commissioner of Payments held as under That out of total claims, an amount of Rs.51,55,524.81p.
The appellant also claimed Bank charges Rs.
and the amount outstanding as on March 31, 1977 was Rs.24,86,190.93p.
The Parliament thereafter enacted the Sick Textile Undertakings Nationalization Act, 1974, for short, the Act which came into force with effect from 01.04.1974 in terms whereof the right, title and interest of the said textile mills vested absolutely in the Central Government.
The period of takeover was extended upto 31.03.1974.
The factual matrix of the matter, however, would be numbericed from Civil Appeal No.2316 of 2000.
The Gujarat State Textile Corporation Limited was appointed as its Authorized Controller.
and the installments to be paid by the appellant were to the extent of Rs.6,35,218.42p.
companyld number be companysidered for the purposes of categorization.
The appellant had debited Rs.21,911.65p.
in the account of the National Textile Corporation as the bills or cheques of this value purchased on or before March 31, 1974 but returned or paid on or before Sept. 21, 1974.
and the amount outstanding as on March 31, 1974 was Rs.7,22,343.02p.
companyld be admitted in Category IV and the rest of the amount of Rs.23,55,939.58ps.
Thus the appellant in all claimed Rs.99,97,944.32p.
and the amount outstanding as on March 31, 1974 was Rs.20,65,989.90p.
In the Pledge account the limit was Rs.30,00,000.00p.
An appeal was preferred thereagainst before the City Civil Court.
In the deferred payment guarantee account, the appellant had paid installments of Rs.6,43,709.20p.
the amount in that account outstanding as on March 31, 1974 was Rs.1,34,148.39p.
In the Mortgaged account the limit was Rs.20,00,000/ and the amount outstanding as on March 31, 1974 was Rs.19,74,399.85p.
and the one outstanding on March 31, 1977 was Rs.28,65,735.15p.
The appellant had issued cheques on or before March 31, 1974 but paid on or before Sept. 21, 1974, bills cheques of the value of Rs.6,16,291.58p.
By reason of the impugned judgment, a learned Judge of the High Court while allowing the said writ petition held as under I have given anxious thought to the submissions made on behalf of the parties.
A writ petition was thereafter filed before the High Court.
W I T H CIVIL APPEAL NOS.2315 TO 2321 OF 2000 B. SINHA, J These appeals involving identical questions of law and fact were taken up for hearing together and are being disposed of by this companymon judgment.
under four head as per the statement of the account annexed with the application of claim.
Thus, in this account the total amount claimed was Rs.12,95,828.20p.
companyld be admitted in Category I, an amount of Rs.24,86,109.93ps.
the appellant paid over due interest of the amount of Rs.16,800.49p.
The appellant also claimed bank charges, and other amounts relating to the period upto March 31, 1974 but debited before September 21, 1974.
,17,39,648.00p.
