for 20 years. The Dalki lease was renewed for 20 years from 01.10.1974 to 30.09.1994. 7. Bird and Co., however, had never undertaken winning and mining activities. It is an accepted case that the beneficiary of the said lease was OMDC, a subsidiary of Bird and Co. 8. Bird and Co. was nationalised by an Act of Parliament called the Bird and Company Limited (Acquisition and Transfer of Undertaking and Other Properties) Act, 1980. 9. As per Section 37 of the 1980 Act, the undertakings of Bird and Co. and the right, title and interest relating to the undertakings stood transferred and vested with the Central Government, that is, the Union of India. 10. Under Section 78 of the 1980 Act, the Central Government, on vesting of the said undertakings, had the right to vest the undertakings from the date 7 “3. On the appointed day, the undertakings of the company and the right, title and interest of the Company in relating to its undertakings shall, by virtue of this Act, stand transferred to,