https://www.taxtmi.com/caselaws?id=424591 A tea estate notification under the Tea Act, 1953 was held not to create a blanket bar on proceedings against the corporate debtor, even though prior Central Government consent may be required for actions against the tea undertaking or tea unit. On that basis, the operational creditor's request for exclusion of time and condonation of delay was rejected because no sufficient cause was shown for failing to file within limitation. The section 9 insolvency petition was therefore treated as time-barred. en-us Wed, 29 Jun 2022 00:00:00 +0530 Tue, 05 Jul 2022 08:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424591 A tea estate notification under the Tea Act, 1953 was held not to create a blanket bar on proceedings against the corporate debtor, even though prior Central Government consent may be required for actions against the tea undertaking or tea unit. On that basis, the operational creditor's request for exclusion of time and condonation of delay was rejected because no sufficient cause was shown for failing to file within limitation. The section 9 insolvency petition was therefore treated as time-barred. Case-Laws Insolvency and Bankruptcy Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424591