The Jute Companies (Nationalisation) Act, 1980

THE FIRST SCHEDULE

[See sections 2(c), 7, 8 and 15(1)(a)]

Sl. No Name of the jute company Amount (Rupees in

  lakhs)

1. Alexandra Jute Mills Limited, Chartered Bank Buildings,

 4, Netaji Subhas Road, Calcutta-700001 . . . . 353.60

2. Union Jute Company Limited, Chartered Bank Buildings,

 4, Netaji Subhas Road, Calcutta-700001 . . . . 461.32

3. Khardah Company Limited, 7, Red Cross Place, Calcutta-700001 486.68

4. The Kinnison Jute Mills Company Limited, Chartered Bank

 Buildings, 4, Netaji Subhas Road, Calcutta-700001 . . 644.70

5. R.B.H.M. Jute Mills Private Limited, P.O. Katihar Mills,

 Katihar (Bihar) . . . . . . . . . . .   17.04

 TOTAL 1963.34

Category I—

THE SECOND SCHEDULE

[See sections 17, 19 (1), 20 (1), 22 (1) and 25 (1)]

ORDER OF PRIORITIES

PART I

Employees’ dues on account of unpaid salaries, wages, provident fund, Employees’ State

Insurance contribution or premium relating to the Life Insurance Corporation of India and any other

amounts due to employees in respect of any period whether before or after the management of the

undertakings of any jute company had been taken over by the Central Government.

Category II—

Secured loans obtained by any jute company from nationalised banks and public financial

institutions during any period whether before or after the management of the undertakings of that

company had been taken over by the Central Government.

Category III—

Any credit availed of for trade or manufacturing purpose during the post-take-over management

period.

Category IV—

Revenue, taxes, cesses, rates or other dues to the Central Government, State Governments and

local authorities or State Electricity Board for any period whether before or after the management of

the undertakings of any jute company had been taken over by the Central Government.

Category V—

Any credit availed of for trade or manufacturing purpose during the pre-take-over management

period.