MINERVA MILLS LTD. & ORS. ETC. ETC. vs UNION OF INDIA & ORS.

The Supreme Court dismissed the writ petitions challenging the order under Section 18A of the Industrial (Development and Regulation) Act and the constitutional validity of the Sick Textile Undertakings (Nationalisation) Act, 1974. The Court held that the management of the petitioner company was detrimental to public interest, justifying the takeover. It ruled that the legislative judgment regarding the company's status as a sick undertaking is to be respected, and the petitioners were not prejudiced by the non-supply of the investigation report, as they had opportunities to represent their case.