Tea Companies (Acquisition and Transfer of Sick Tea Units) Act : Tea companies not to be wound up by

Tea Companies (Acquisition and Transfer of Sick Tea Units) Act,1985

Act No : 37

Section : Tea companies not to be wound up by the court.

30. Tea companies not to be wound up by the court. No proceeding for the winding up of a tea company, the right, title and interest in relation to a sick tea unit owned by which have vested in the Tea Trading Corporation under this Act or for the appointment of a receiver in respect of the business of the sick tea unit shall lie or be proceeded with in any court except with the consent of the Central Government.