Section 41:
Validation.
1[41. Validation.-- Notwithstanding anything contained in any judgment, decree or order of any
court, tribunal or other authority,--
(a) the provisions of this Act, as amended by the Textile Undertakings (Nationalisation) Laws
(Amendment and Validation) Act, 2014 (36 of 2014), shall have and shall be deemed always to have
effect for all purposes as if the provisions of this Act, as amended by the said Act, had been in force at
all material times;
(b) any lease-hold property divested from the National Textile Corporation to any person under
the provisions of this Act, as it stood immediately before the commencement of the Textile
Undertakings (Nationalisation) Laws (Amendment and Validation) Act, 2014 (36 of 2014), shall
stand transferred to and vest or continue to vest, free from all encumbrances, in the National Textile
Corporation in the same manner as it was vested in the National Textile Corporation before such
divesting of that property under the provisions of this Act, as if the provisions of this Act as amended
by the aforesaid Act, were in force at all material times;
(c) no suit or other proceedings shall, without prejudice to the generality of the foregoing
provisions, be maintained or continued in any court or tribunal or authority for the enforcement of any
decree or order or direction given by such court or tribunal or authority, notwithstanding any
undertaking filed by the National Textile Corporation in any court or tribunal or authority, directing
divestment of such lease-hold property from the National Textile Corporation vested in it under
section 3 of this Act, as it stood before the commencement of the Textile Undertakings
(Nationalisation) Laws (Amendment and Validation) Act, 2014 (36 of 2014), and such lease-hold
property shall continue to vest in the National Textile Corporation under section 3 of this Act, as
amended by the aforesaid Act, as if the said section was in force at all material times;
(d) any transfer of any property, vested in the National Textile Corporation, by virtue of any order
of attachment, seizure or sale in execution of a decree of a civil court or orders of any tribunal or
other authority in respect of lease-hold property vested in the National Textile Corporation which is
contrary to the provisions of this Act, as amended by the Textile Undertakings (Nationalisation) Laws
(Amendment and Validation) Act, 2014 (36 of 2014), shall be deemed to be null and void and
notwithstanding such transfer, continue to vest in the National Textile Corporation under this Act.]
Notes:
1. Ins. by Act 36 of 2014, s. 4 (w.e.f. 17-12-2014).