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2010 (12) TMI 1065 - HC - Companies LawWhether such tea undertaking can be restarted? Held that:- In considering the case under section 16E(1) the Central Government is to consider the ability of the applicant shareholder before me, Gopinath Das holding 75.6 per cent. shares in the company, to restart the tea estate by himself or with other contributors, creditors and so on. This consideration must be with reasons.After such consideration is complete and report prepared the Tea Board may apply to this court by way of a fresh application for orders for formal handing over of the tea estate to any person or body of persons selected by it for running the estate. The winding up order will remain but all steps in winding up are to remain suspended till further orders. No sale of any asset of the company in liquidation is to be made or any steps taken for such sale till further orders of this court. No disbursement to any creditor or contributor should be made till further orders of this court.
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