The Sick Textile Undertakings (Nationalisation) Act, 1974 section 1: Ins. by Act…

In force · As amended up to 2026-08

1. Ins. by Act 36 of 2014, s. 4 (w.e.f. 17-12-2014). (Nationalisation) Laws (Amendment and Validation) Act, 2014 (36 of 2014), and such lease-hold property shall continue to vest in the National Textile Corporation under section 3 of this Act, as amended by the aforesaid Act, as if the said section was in force at all material times; (d) any transfer of any property, vested in the National Textile Corporation, by virtue of any order of attachment, seizure or sale in execution of a decree of a civil court or orders of any tribunal or other authority in respect of lease-hold property vested in the National Textile Corporation which is contrary to the provisions of this Act, as amended by the Textile Undertakings (Nationalisation) Laws (Amendment and Validation) Act, 2014 (36 of 2014), shall be deemed to be null and void and notwithstanding such transfer, continue to vest in the National Textile Corporation under this Act.] THE FIRST SCHEDULE [ See sections 2 (h), 8 and 18] |Sl.|Name of the undertaking|Name of the owner||Amount| |---|---|---|---|---| |No.||||(in rupees)| |(1)|(2)|(3)||(4)| |1|Adoni Cotton Mills, Alur Road, Adoni|Adoni Cotton Mills Limited,|22, Bell|10,79,000| ||(Andhra Pradesh)|Building, Sir P. M. Road, Bombay-1.||| |2|Ahmedabad Jupiter Spinning, Weaving|||1,39,06,000| ||and Manufacturing Mills, Mill No. 1,|The Ahmedabad Jupiter Spinning,||| ||Dadheechi Road, Ahmedabad|Weaving and Manufacturing Company||| ||(Gujarat)|Limited, Dadheechi Road,||| |3|Ahmedabad Jupiter Spinning, Weaving|Ahmedabad.||2,35,68,000| ||and Manufacturing Mills, Mill No. 2,|||| ||Parel, Bombay-13 (Maharashtra)|||| |4|Ahmedabad New Textile Mills, Outside|The Ahmedabad New Textile Mills||93,44,000| ||Raipur Gate, Ahmedabad (Gujarat)|Company Limited, Outside Raipur||| |||Gate, Ahmedabad.||| |5|Ajudhia Textile Mills, Azadpur Delhi-|The Ajudhia Textile Mills Limited, 23-||8,41,000| ||33|24, Radha Bazar Street, Calcutta-1.||| |6|Alagappa Textile (Cochin) Mills,|The Alagappa Textiles (Cochin)|Limited,|43,62,000| ||Alagappanagar (Kerala)|Alagappanagar (Kerala).||| |7|Anantapur Cotton Mills, Tadapatri|The Anantapur Cotton Mills|Limited,|2,97,000| ||(Andhra Pradesh)|Tadapatri (Andhra Pradesh).||| |8|Apollo Mills, N. M. Joshi Marg,|Apollo Mills Limited, N.M. Joshi Marg,||1,20,37,000| ||Chinchpokli, Bombay-11|Chinchpokli, Bombay-II||| ||(Maharahtra)|(Maharashtra).||| |9|Arati Cotton Mills, Dassnagar, Howrah|Arati Cotton Mills Limited, 29, Strand||4,85,000| ||(West Bengal)|Road, Calcutta-1.||| |10|Associate Industries (Assam) (Spinning|Associated Industries|(Assam),|14,14,000| ||Unit), Chandrapur, Distt. Kamrup|Chandrapur, Distt. Kamrup (Assam).||| ||(Assam)|||| |11|Aurangabad Mills, Aurangabad|The Aurungabad Mills Limited, 16,||1,000| ||(Maharashtra)|Himgiri Padam Tekri, Pedoor Road,||| |||Bombay-26.||| |12|Azam Jahi Mills, Warangal (Andhra|The Azam Jahi Mills Limited, 159,||92,95,000| ||Pradesh)|Gunfoundry Road, Hyderabad.||| |13|Balarama Varma Textile Mills,|Balarama Varma|Textiles,|34,00,000| ||Shencottah (Tamil Nadu)|Limited, Shencottah (Tamil Nadu).||| |14|Bangasri Cotton Mills, Sodepur|The Bangasri Cotton Mills|Limited,|4,85,000| ||(West Bengal)|Chandrachur Sadan, Sodepur,|24-|| |||Parganas (West Bengal).||| |15|Bengal Fine Spinning and Weaving|Bengal Fine Spinning and Weaving Mills||15,16,000| ||Mills, Mill No. 1, Konnagar, District|Limited, 7, Bipin Bihari|Ganguli|| ||Hooghly (West Bengal)|Street, Calcutta.||| |16|Bengal Fine Spinning and Weaving|||11,96,000| ||Mills, Mill No. 2, Kataganj, District|||| ||Nadia (West Bengal)|||| |17|Bengal Luxmi (Cotton Mills,|Bengal Luxmi Cotton Mills Limited, 7,||22,00,000| ||Serampore, District Hooghly|Chowringhee Road, Calcutta.||| ||(West Bengal)|||| |18|Bengal Nagpur Cotton Mills,|Bengal Nagpur Cotton Mills Limited, 4,||69,71,000| ||Rajnandgaon (Madhya Pradesh)|Lyons Range, Calcutta.||| CHAPTER I PRELIMINARY 1. Short title and commencement. —(1) This Act may be called the Sick Textile Undertakings (Nationalisation) Act, 1974. (2) The provisions of sections 32 and 33 shall come into force at once and the remaining provisions of this Act shall be deemed to have come into force on the 1st day of April, 1974. |(1)|(2)||(3)|||(4)| |---|---|---|---|---|---|---| |19|Bengal Textile Mills, Cossimbazar||Bengal Textile Mills||Limited,|3,48,000| ||(West Bengal)||Mercantile Building, Lal||Bazar,|| ||||Calcutta.|||| |20|Bihar Co-operative Weavers‟ Spinning||Bihar Co-operative Weavers‟||Spinning|13,07,000| ||Mills, Mokameh, Patna (Bihar)||Mills Limited, Mokameh, Patna.|||| |21|Bijli Cotton Mills, Mendu|Road,|The Bijli Cotton Mills (Private)||Limited,|21,49,000| ||Hathras (Uttar Pradesh)||Agra (Uttar Pradesh).|||| |22|Burhanpur Tapti Mills, Lalbag,||The Burhanpur Tapti||Mills|86,80,000| ||Burhanpur R. S. (Nimar) (Madhya||Limited, Burhanpur R. S.|| Nimar|| ||Pradesh)||(Madhya Pradesh).|||| |23|Combodia Mills, Ondipudur,||The Combodia Mills||Limited,|64,40,000| ||Coimbatore-16 (Tamil Nadu)||Ondipudur, Coimbatore-16||(Tamil|| ||||Nadu)|||| |24|Cannanore Spinning and Weaving||The Cannanore Spinning and||Weaving|47,08,000| ||Mills, Cannanore (Kerala)||Mills Limited, Cannanore (Kerala).|||| |25|Cannanore Spinning and Weaving|||||61,24,000| ||Mills, Mahe (Pondicherry)|||||| |26|Central Cotton Mills, Howrah||Central Cotton||Mills|44,10,000| ||(West Bengal)||Limited, 9, Brabourne Road,||Calcutta-|| ||||1.|||| |27|Chhaganlal Textile Mills, Chalisgaon,||The Chhaganlal Textile Mills||(Private)|5,42,000| ||East Khandesh (Maharashtra)||Limited, Chowk, Bhopal||(Madhya|| ||||Pradesh).|||| |28|Coimbatore Murugan|Mills,|The Coimbatore Murugan Mills||Limited,|18,50,000| ||Mettupalayam Road, Coimbatore-11||Mettupalayam Road, Coimbatore-11.|||| |29|Coimbatore Spinning and Weaving||The Coimbatore Spinning and||Weaving|47,03,000| ||Mills, Krishnaswamy Mudaliar|Road,|Company Limited, Krishnaswamy|||| ||Coimbatore-1||Mudaliar Road, Coimbatore-1.|||| |30|Dayalbagh Spinning and Weaving||Sir Sahabji Maharaj Mills||Limited,|5,74,000| ||Mills, Amritsar (Punjab)||Dayalbagh, Agra (Uttar Pradesh)|||| |31|Digvijay Spinning and Weaving|Mills,|The Digvijay Spinning and||Weaving|75,65,000| ||Lalbagh, Parel, Bombay-33 (Maha-||Company Limited,||Lalbagh,|| ||rashtra)||Parel, Bombay-33|||| |32|Edward Mills, Beawar (Rajasthan)||The Edward Mills|Company||6,79,000| ||||Limited, Beawar (Rajasthan).|||| |33|Edward Textile Mills, Ferguson|Road,|Edward Textile Mills Limited, Indu|||66,28,000| ||Lower Parel, Bombay (Maharashtra)||House, Dougall Road, Ballard|||| ||||Estate, Bombay (Maharashtra).|||| |34|Fine Knitting Mills,|near|The Fine Knitting Company||Limited,|10,17,000| ||Chamundamata, Asarva|Road,|Asarva, near Chamundamata,|||| ||Ahmedabad (Gujarat)||Ahmedabad-16 (Gujarat).|||| |35|Gaya Cotton and Jute Mills,|Gaya|Gaya Cotton and Jute Mills||Limited,|10,49,000| ||(Bihar)||Gaya (Bihar).|||| |36|Himabhai Manufacturing Mills, Outside||The Himabhai Manufacturing|Company||54,77,000| ||Saraspur Gate, Ahmedabad (Gujarat)||Limited, Opp. Chartoda Kabrastan,|||| ||||Saraspur, Ahmedabad-18 (Gujarat).|||| |37|Hira Mills, 1/10, Hira Mill Marg|(Agar|The Hira Mills Limited, 1/10,|Hira Mill||12,39,000| ||Road), Ujjain (Madhya Pradesh)||Marg (Agar Road), Ujjain||(Madhya|| ||||Pradesh).|||| |38|India United Mills, Mill|No.1,||||| ||Ambedkar Marg, Bombay-12||The India United Mills Limited, Indu|||| |39|India United Mills, Mill No. 2, Bhogale||House, Narottam Morarjee Marg|||| ||Marg, Bombay-33||(Dougall Road),||Ballard|| ||||Estate, Bombay-400001.|||| |(1)|(2)|||(3)||(4)| |---|---|---|---|---|---|---| |40|India United Mills, Mill No. 3, Bhogale|||||| ||Marg, Bombay-33|||||| |41|India United Mills, Mill No. 4,|T. B.||||| ||Kadam Marg, Bombay-33|||||| |42|India United Mills, Mill|No. 5,||The India United Mills Limited, Indu||1,000| ||Chinmchpokli Lane, Bombay-27|||House, Narrottam Morarjee|Marg,|| |||||(Dougall Road),|Ballard|| |43|India United Mills, Dye Works,|||Estate, Bombay-400001.||| ||Sawarkar Marg, Bombay-28|||||| |44|Indore Malwa United Mills, Indore|||The Indore Malwa United|Mills|94,25,000| |||||Limited, 139, Meadows|Street,|| |||||Fort, Bombay.||| |45|Jayashankar Mills Barsi, Barsi, District|||The Jayashankar Mills Barsi Limited,||31,04,000| ||Sholapur (Maharashtra)|||Barsi, 139, District Sholapur||| |||||(Maharashtra).||| |46|Jehangir Vakil Mills, Outside|Delhi||The Jehangir Vakil Mills Company||98,89,000| ||Gate, Ahmedabad (Gujarat)|||Limited, Outside Delhi|Gate,|| |||||Ahmedabad (Gujarat).||| |47|Jyoti Weaving Factory, 69, S. K.||Dev|Jyoti Weaving Factory (Private) Limited-||1,000| ||Road, Calcutta-48, West Bengal|||69, S. K. Dev Road, Patipukur,||| |48|Kaleeswarar Mills, „A‟||Unit,|Calcutta, 48 (West Bengal).||32,08,000| |49|Coimbatore (Tamil Nadu) Kaleeswarar Mills, „B‟||Unit,|The Kaleeswarar Mills Limited, Coimbatore (Tamil Nadu)||15,97,000| ||Kalaynarkoil (District Ramnad),|||||| ||(Tamil Nadu)|||||| |50|Kalyanmal Mills, 15, Silnath Camp,|||Kalyanmal Mills Limited, 15,|Silnath|90,64,000| ||Indore (Madhya Pradesh)|||Camp, Indore (Madhya Pradesh).||| |51|Kanoria Industries (Cotton||Mills|Kanoria Industries Limited, 59,||7,88,000| ||Section), Konnagar (West Bengal)|||Netaji Subhas Road, Calcutta-1.||| |52|Kerala Lakshmi Mills, Trichur (Kerala|||Kerala Lakshmi Mills Limited, Pullazhi,||25,71,000| ||State)|||Trichur-4, Kerala State.||| |53|Keshav Mills, Petlad (Gujarat)|||Keshav Mills Company Limited, Petlad||56,28,000| |||||(Gujarat).||| |54|Kharar Textile Mills, Kharar,||near|The Panipat Woollen and General Mills||12,89,000| ||Chandigarh|||Company Limited, Kharar,| near|| |||||Chandigarh.||| |55|Kishnaveni Textile Mills, Trichy|Road,||Kishnaveni Textiles Limited,|Trichy|25,50,000| ||Singanallur Post, Coimbatore (Tamil|||Road, Singanallur Post, Coimbatore-||| ||Nadu)|||5.||| |56|Laxmi Narayan Cotton Mills, Rishra|||Laxmi Narayan Cotton|Mills|18,77,000| ||(West Bengal)|||Limited, 4B, Garstin Place, Calcutta-1.||| |57|Lord Krishna Textile Mills, Saharanpur|||Lord Krishna Sugar Mills Limited,||69,92,000| ||(Uttar Pradesh)|||Chand Hotel, Chandni Chowk, Delhi.||| |58|Mahalakshmi Mills, Beawar (Rajasthan)|||The Mahalakshmi Mills Company||3,68,000| |||||Limited Beawar (Rajasthan).||| |59|Mahalaxmi Mills, Vartej|Road,||The Mahalaxmi Mills Limited,|Vartej|83,61,000| ||Bhavnagar (Gujarat)|||Road, Bhavnagar (Gujarat).||| |(1)|(2)||(3)|(4)| |---|---|---|---|---| |60|Mahboob Shahi Kulbarga|Mills,|Mahboob Shahi Kulbarga Mills|1,34,84,000| ||Gulbarga (Karnataka)||Company Limited, Gulbarga|| ||||(Karnataka).|| |61|Mahindra Mills, Cossimbazar||Mahindra Mills Limited, B. K. Paul|7,71,000| ||(West Bengal)||Avenue, Calcutta.|| |62|Minerva Mills, Malleswaram,||Minerva Mills Limited,|75,41,000| ||Bangalore-3 (Karnataka)||Temple Bar Building, 70, Forbes|| ||||Street, Fort, Bombay-1|| |63|Model Mills Nagpur, Umrer|Road,|The Model Mills Nagpur Limited, Ilace|1,000| ||Nagpur (Maharashtra)||House, Sir Phirozshah Mehta|| ||||Road, Bombay-1.|| |64|Muir Mills, Civil Lines, Kanpur|(Uttar|Muir Mills Company Limited, Civil|1,36,60,000| ||Pradesh)||Lines, Kanpur (Uttar Pradesh).|| |65|Mysore Spinning and Manufacturing||The Mysore Spinning and Manufacturing|84,97,000| ||Mills, Magadi Road, Bangalore||Company Limited, 70, Forbes Street,|| ||(Karnataka)||Fort, Bombay.|| |66|Natraj Spinning and Weaving|Mills|Natraj Spinning and Weaving Mills|17,26,000| ||Nirmal, Adilabad District (Andhra||Limited, 37, Lal Bahadur Stadium,|| ||Pradesh)||Hyderabad-1.|| |67|Netha Co-operative Spinning||The Netha Co-operative Spinning Mills|28,42,000| ||Mills, 608, Elechiguda,||Limited, Secunderabad-3.|| ||Secunderabad-3 (Andhra Pradesh)|||| |68|New Bhopal Textile Mills, Chandbar,||The New Bhopal Textile Limited,|7,35,000| ||Tehsil Huzur, Bhopal (Madhya||Chandbar, Tehsil Huzur, Bhopal.|| ||Pradesh)|||| |69|New Kaiser-i-Hind Spinning|and|New Kaiser-i-Hind Spinning and|48,70,000| ||Weaving Mills, Gorupdeo|Road,|Weaving Company Limited, Ashoka|| ||Chinchpokli, Bombay-33||Apartment, Altamount Road, Bombay.|| ||(Maharashtra)|||| |70|New Maneckchock Spinning|and|The New Maneckchock Spinning and|54,37,000| ||Weaving Mills, Opp. Idgah|Gate,|Weaving Company Limited, Opp.|| ||Ahmedabad-16 (Gujarat)||Idgah Gate, Ahmedabad-16.|| |71|New Pratap Spinning, Weaving and||New Pratap Spinning and Weaving and|70,45,000| ||Manufacturing Mills, Dhulia,|West|Manufacturing Company Limited,|| ||Khandesh||Dhulia, West Khandesh.|| |72|New Victoria Mills, 14/1, Civil Lines,||The New Victoria Mills Company|47,38,000| ||Kanpur (Uttar Pradesh)||Limited, 14/1, Civil Lines, Kanpur|| ||||(Uttar Pradesh).|| |73|Om Parasakthi Mills, Kishnarayapuram,||Om Parasakthi Mills Limited,|27,99,000| ||Ganapathy P.O., Coimbatore-6 (Tamil||Kishnarayapuram, Ganapathy P.O.,|| ||Nadu)||Coimbatore-6.|| |74|Orissa Cotton Mills, Bhagatpur, Cuttack||Orissa Cotton Mills Limited, 41, Ironside|1,000| ||||Road, Calcutta-1.|| |75|Osmanshahi Mills, Mill Road, Nanded||Osmanshahi Mills Limited, Mill Road,|1,06,71,000| ||(Maharashtra)||Nanded (Maharashtra).|| |76|Panipat Woollen Mills, Kharar,|near|The Panipat Woollen and General Mills|6,40,000| ||Chandigarh||Company Limited, Kharar, near|| ||||Chandigarh.|| |77|Pankaja Mills, Coimbatore||Pankaja Mills Limited, Coimbatore.|26,10,000| |78|Parvathi Mills, Quilon (Kerala)||Parvathi Mills Limited , Quilon (Kerala).|26,05,000| |79|Pioneer Spinners, Pioneernagar, (Tamil||Pioneer Spinners (Private) Limited,|26,44,000| ||Nadu)||Pioneernagar (Tamil Nadu).|| |80|Prabha Mills, Viramgam (Gujarat)||Prabha Mills Limited, Highway|9,10,000| ||||Rose Building, 92, Ambawadi Dixit|| ||||Road, Vile Parle, Bombay-57.|| |(1)|(2)|(3)|(4)| |---|---|---|---| |81|R. B. Bansilal Abirchand Spinning and|R. B. Bansilal Abirchand Spinning and|57,50,000| ||Weaving Mills, Hinghanghat| Weaving Mills Company (Private)|| ||(Maharashtra)|Limited, Hinganghat (Maharashtra).|| |82|Rajkot Spinning and Weaving Mills,|The Rajkot Spinning and Weaving Mills|31,79,000| ||Karansinhji Cross-Road,|Limited, Karansinhji Cross Road,|| ||Post Box No. 2, Rajkot (Gujarat)|Post Box No. 2, Rajkot.|| |83|Rajnagar Spinning, Weaving and||| ||Manufacturing Mills, Unit No.1,|The Rajnagar Spinning, Weaving and|| ||Ahmedabad (Gujarat)|Manufacturing Company Limited,|| |84|Rajnagar Spinning, Weaving and|Outside Prem Gate, Ahmedabad.|58,81,000| ||Manufacturing Mills, Unit No. 2,||| ||Ahmedabad (Gujarat)||| |85|Rampooria Cotton Mills, Serampore|Rampooria Cotton Mills Limited, 8-B,|47,67,000| ||(West Bengal)|Lall Bazar Street, Calcutta-1.|| |86|R.S.R. Gopaldas Mohta Spinning and|The R.S.R. Gopaldas Mohta Spinning|1,01,88,000| ||Weaving Mills, Akola (Maharashtra)|and Weaving Mills (Private) Limited,|| |||Akola, District Akola (Maharashtra).|| |87|Savatram Ramprasad Mills, Akola|Savatram Ramprasad Mills Company|59,34,000| ||(Maharashtra)|Limited, Akola (Maharashtra).|| |88|Seksaria Cotton Mills, Delisle Road,|Seksaria Cotton Mills Limited, Delisle|49,67,000| ||Parel, Bombay|Road, Parel, Bombay.|| |89|Shree Bijay Cotton Mills, Bijainagar|Shree Bijay Cotton Mills Limited,|87,000| ||(Rajasthan)|Bijainagar (Rajasthan).|| |90|Shree Mahalaxmi Mills, Palta|M/s. Gajraj Pannalal Limited, Calcutta.|27,22,000| ||(West Bengal)||| |91|Shri Vikram Cotton Mills, Talkatora,|Shri Vikram Cotton Mills Limited,|12,46,000| ||Lucknow (Uttar Pradesh)|Lucknow (Uttar Pradesh).|| |92|Sodepur Cotton Mills, Sodepur|Sodepur Cotton Mills Limited, Sodepur|1,000| ||(West Bengal)|(West Bengal).|| |93|Somasundaram Mills, 10/64,|The Somasundaram Mills (Private)|38,25,000| ||Somasundaram Mill Road,|Limited, 10/ 64, Somasundaram Mill|| ||Coimbatore|Road, Coimbatore (Tamil Nadu).|| |94|Sree Yallamma Cotton, Woollen and|Shree Yallamma Cotton, Woollen and|10,18,000| ||Silk Mills, Yallamnagar (Tolahunaso|Silk Mills Company Limited,|| ||Railway Station)|Davangere City (Karnataka State).|| |95|Sri Bharathi Mills, Mudaliarpet P.O.,|Sri Bharathi Mills Limited, Mudaliarpet|15,22,000| ||Pondicherry|P.O., Pondicherry.|| |96|Sri Kothandram Spinning Mills,|Sri Kothandram Spinning Mills (Private)|97,000| ||Madurai|Limited, Madurai.|| |97|Sri Ranga Vilas Ginning, Spinning and|Sri Ranga Vilas Ginning, Spinning and|35,14,000| ||Weaving Mills, Avanashi Road,|Weaving Mills Limited, Avanashi|| ||Peelamedu P.O., Coimbatore (Tamil|Road, Peelamedu P.O., Post Box|| ||Nadu)|No. 828, Coimbatore.|| |98|Sri Sarada Mills, Podanur (Tamil Nadu)|Sri Sarada Mills Limited, Podanur|50,31,000| |||(Tamil Nadu).|| |99|Suraj Textile Mills, Malout Mandi,|Suraj Textile Mills Limited, Malout|2,37,000| ||Punjab|Mandi, Punjab.|| |100|Swadeshi Cotton and flour Mills, 7,|The Swadeshi Cotton and flour Mills|1,000| ||Silnath Camp, Indore-3 (Madhya|Limited, 7, Shilnath Camp,|| ||Pradesh)|Indore-3 (Madhya Pradesh).|| |101|Tirupathi Cotton Mills, Ranigunta|Tirupathi Cotton Mills Limited, 8, Boag|23,99,000| ||(Andhra Pradesh).|Road, T. Nagar, Madras-17.|| |102|Vidarbha Mills (Berar) Ellichpur|Vidarbha Mills Berar Limited, Ellichpur|73,26,000| ||(Maharashtra)|(Maharashtra).|| |103|Vijaymohini Mills, Trivandrum|The Vijaymohini Mills Limited,|32,95,000| |||Trivandrum.|| THE SECOND SCHEDULE [ See sections 21, 22, 23 and 27] Order of priorities for the discharge of liabilities in respect of a sick textile undertaking PART A Post-take-over management period Category I.— (a) Loans advanced by a bank. (b) Loans advanced by an institution other than a bank. - (c) Any other loan. (d) Any credit availed of for purpose of trade or manufacturing operations. Category II.— (a) Revenue, taxes, cesses, rates or any other dues to the Central Government or a State Government. (b) Any other dues. PART B Pre-take-over management period Category III.— Arrears in relation to provident fund, salaries and wages, and other amounts, due to an employee. Category IV.— Secured loans. Category V.— Revenue, taxes, cesses, rates or any other dues to the Central Government, a State Government, a local authority or a State Electricity Board. Category VI.— (a) Any credit availed of for purpose of trade or manufacturing operations. (b) Any other dues.

Source: India Code