Supreme Court · 2012 INSC 430 · Decided 27 September 2012
M/S New Horizon Sugar Mills LTD. v. GOVT. of Pondicherry TH. ADDL. SEC. & ANR.
- Court
- Supreme Court of India
- Citation
- 2012 INSC 430 · [2012] 8 S.C.R. 874
- Case number
- CIVIL APPEAL No. 6673/2009
- Decided
- 27 September 2012
- Bench
- ALTAMAS KABIR, JASTI CHELAMESWAR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution; Companies Act Section 58A, 58AA
Headnote
CONSTITUTION OF IND/A, 1950: c Art. 254 (2), Seventh Schedule, List-I/ - Entries 1, 30 and 32 read with List /, Entries 43, 44, 45 and 97, and List Ill, Entries 1, 8, 13 and 21 - Validity of Pondicherry Protection of Interest of Depositors in Financial Establishments Act, - Held: The power to enact the Pondicherry 0 Act, the Tamil Nadu Act, and the Maharash"tra Act is relatable to Entries 1, 30 and 32 of the State List, 'which involve the business of unincorporated trading and money-lending - Since the object of Tamil Nadu Act, Maharashtra Act and
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