https://www.taxtmi.com/caselaws?id=126934 The Tea Act, 1953 requires the Central Government first to form an opinion that an investigation into the possibility of running or restarting the tea undertaking is necessary in the public interest, and only then to pursue the statutory process for takeover or revival. The Court held that this initial investigative stage could not be bypassed, so the request for immediate handing over of the tea estate for operation was misconceived. However, to preserve the position pending compliance, further winding up steps were suspended and sale or disbursement of assets was stayed until further orders, while the winding up order itself remained in force. en-us Mon, 20 Dec 2010 00:00:00 +0530 Thu, 18 Sep 2014 19:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126934 The Tea Act, 1953 requires the Central Government first to form an opinion that an investigation into the possibility of running or restarting the tea undertaking is necessary in the public interest, and only then to pursue the statutory process for takeover or revival. The Court held that this initial investigative stage could not be bypassed, so the request for immediate handing over of the tea estate for operation was misconceived. However, to preserve the position pending compliance, further winding up steps were suspended and sale or disbursement of assets was stayed until further orders, while the winding up order itself remained in force. Case-Laws Companies Law Mon, 20 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126934