https://www.taxtmi.com/caselaws?id=99394 A consent restriction on winding-up proceedings under section 18E(1)(c) of the Industries (Development and Regulation) Act, 1951 must be strictly construed. Where Government control under section 18AA(1) extends only to part of an industrial undertaking, and not to the undertaking as a whole, the Central Government's consent is not required to commence or continue winding-up proceedings under section 433 of the Companies Act, 1956. The statutory scheme distinguishes between a company and its industrial undertaking, and the bar applies only when the whole undertaking has been taken over. On that reading, the winding-up petition may proceed without Central Government consent. en-us Fri, 08 Apr 1977 00:00:00 +0530 Fri, 27 Jan 2012 11:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99394 A consent restriction on winding-up proceedings under section 18E(1)(c) of the Industries (Development and Regulation) Act, 1951 must be strictly construed. Where Government control under section 18AA(1) extends only to part of an industrial undertaking, and not to the undertaking as a whole, the Central Government's consent is not required to commence or continue winding-up proceedings under section 433 of the Companies Act, 1956. The statutory scheme distinguishes between a company and its industrial undertaking, and the bar applies only when the whole undertaking has been taken over. On that reading, the winding-up petition may proceed without Central Government consent. Case-Laws Companies Law Fri, 08 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99394