What are the powers of the Central Government to provide relief to an industrial undertaking, the management or control of which has been taken over by it without investigation under the Industries (Development and Regul

Section 18FB of the Industries Development and Regulation Act, 1951 contains provisions empowering the Central Government to make certain declarations in relation to an industrial undertaking, the management or control of which has been taken over without investigation. In this context and with a view to prevent fall in the volume of production of any scheduled industry, the Government may declare, by notified order, that all or any of the enactments mentioned in the Third Schedule to the Act shall not apply or shall apply with such adaptations whether by way of modification, addition or omission to such industrial undertakings as may be specified in the notified order. Or the operation of all or any of the contracts, assurances, properties, agreements, settlements, awards, standing orders or other instruments in force (to which such industrial undertaking or the company owning such industrial undertaking is a party which may be applicable to such industrial undertaking or company) immediately before the date of issue of such notified order shall remain suspended or that all or any of the rights, privileges, obligations and liabilities accruing or arising there under before the said date, shall remain suspended or shall be enforceable by such adaptation and in such manner as may be specified in the notified order.