The Tunga Bhadra Sugars (Devi Sugars) Limited (Acquisition and Transfer of Undertaking) (Repeal) Act, 2001

The Tunga Bhadra Sugars (Devi Sugars) Limited (Acquisition and Transfer of Undertaking) (Repeal) Act, 2001

This Act regulates the ownership and management of Tunga Bhadra Sugars Limited, also known as Deve Sugars, by repealing a 1998 Karnataka state law. That original law had authorized the government to acquire and transfer the corporate assets of the company. Applying to the sugar enterprise and state authorities, this 2001 legislation matters because it reverses the government takeover, returning control of the sugar business to its private owners. By undoing the acquisition, the law restores the private status of the business and permits the company to operate freely without government interference, resolving any ongoing takeover disputes and legal claims.

PDF: pending for this language.