DOYPACK SYSTEMS PVT. LTD. ETC. vs UNION OF INDIA & ORS., ETC.

The Supreme Court examined whether equity shares in Swadeshi Polytex Limited and Swadeshi Mining and Manufacturing Company vested in the Central Government under Section 3 of the Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1986. The Court held that the shares indeed vested in the Central Government, affirming the applicability of the Act to the companies in question. Additionally, it was determined that the immovable properties associated with these companies also vested in the government under the same section.