https://www.taxtmi.com/caselaws?id=113477 Section 32 of the Coal Mines (Nationalisation) Act, 1973 was held to apply only to a qualifying mining company whose coal mine had vested in the Central Government or a Government company under the Act. A company that did not establish ownership of such a coal mine could not claim the statutory protection, so a creditor's winding-up petition was not barred for want of Central Government consent. On the decree-based claim, the company did not show sufficient cause to resist admission, as the decree remained outstanding and no effective steps to set it aside were shown. The petition was therefore admitted, subject to security and costs. en-us Fri, 18 Jun 2010 00:00:00 +0530 Sun, 05 Oct 2014 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113477 Section 32 of the Coal Mines (Nationalisation) Act, 1973 was held to apply only to a qualifying mining company whose coal mine had vested in the Central Government or a Government company under the Act. A company that did not establish ownership of such a coal mine could not claim the statutory protection, so a creditor's winding-up petition was not barred for want of Central Government consent. On the decree-based claim, the company did not show sufficient cause to resist admission, as the decree remained outstanding and no effective steps to set it aside were shown. The petition was therefore admitted, subject to security and costs. Case-Laws Companies Law Fri, 18 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113477