The Textile Undertakings (Nationalisation) Act, 1995
Administered Ministry: Ministry of Textiles
Schedule
First Schedule THE FIRST SCHEDULE
THE FIRST SCHEDULE [See sections 2(l) and (m), 8 and 18(1)] Sl. No. Name of the textile undertaking Name of the owner Amount (in rupees) (1) (2) (3) (4) 1. Elphinstone Spinning and Weaving Mills, Elphinstone Road, Bombay. The Elphinstone Spinning and Weaving Mills Co. Ltd., Kamani Chambers, 32, RamjiBhaiKamaniMarg, Bombay-38. 4,56,98,000 2. Finlay Mills, 10/11, Dr. S.S. Rao Road, Bombay. The Finlay Mills Ltd., Chartered Bank Building Fort, Bombay-23. 8,14,87,000 3. Gold Mohur Mills, DadasahebPhalke Road, Dadar, Bombay. The Gold Mohur Mills Ltd.,Chartered Bank Building, Fort, Bombay-23. 5,45,55,000 4. Jam Manufacturing Mills, Lalbaug, Parel, Bombay. The Jam Manufacturing Co. Ltd., Lalbaug, Parel, Bombay-12. 2,79,62,000 5. Kohinoor Mills (No. 1), Naigaum Cross Road, Dadar, Bombay. 6. Kohinoor Mills (No. 2), Naigaum Cross Road, Dadar, Bombay. The Kohinoor Mills Co. Ltd., Killick House, CharanjitRaiMarg (Home Street), Fort, Bombay-1. 2,33,38,000 7. Kohinoor Mills (No. 3), Lady Jamshedji Road, Dadar, Bombay. 8. New City of Bombay Manufacturing Mills, 63, Tukaram B. KadamMarg, Bombay. The New City of Bombay Manufacturing Co. Ltd., 63, TukaramBaisajiKadam Path, Bombay-33. 4,23,57,000 9. Podar Mills, N.M, Joshi Marg, Bombay. The Podar Mills Ltd., Podar Chambers, Syed Abdulla Brelvi Road, Fort, Bombay-1. 7,46,30,000 10. Podar Mills (Process House), GanpatRaoKadamMarg, Bombay. The Podar Mills Ltd., Podar Chambers, Syed Abdulla Brelvi Road, Fort, Bombay-1. 1,91,94,000 11. Shree Madhusudan Mills, PandurangBudhkarMarg, Bombay. Shree Madhusudan Mills Ltd., 31, Chowringhee Road, Calcutta-16. 2,70,85,000 12. Shree Sitaram Mills, N.M. Joshi Marg, Bombay. Shree Sitaram Mills Ltd., N.M. Joshi Marg, Bombay-11. 1,95,20,000 13. Tata Mills, Dr. Ambedkar Road, Dadar, Bombay. The Tata Mills Ltd., Bombay House, 24 HomiMody Street, Fort, Bombay- 23. 9,33,47,000 14. Laxmirattan Cotton Mills, Kalpi Road Kanpur. Laxmirattan Cotton Mills Company Limited, BehariNiwas, ChataiMahal, Kanpur. 2,22,39,000 15. Atherton West Cotton Mills, Anwar Ganj, Kanpur. Atherton West and Company Limited, Anwarganj, Kanpur. 1,10,95,000
Second Schedule THE SECOND SCHEDULE
THE SECOND SCHEDULE (See sections 21, 22, 23 and 27) Order of priorities for discharge of liabilities in respect of a 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.— Revenues, 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.