Section 16F. Without prejudice to the provisions of section 18B of the Industries (Development and Regulation) Ac

16F. Without prejudice to the provisions of section 18B of the Industries (Development and Regulation) Act, 1951, as applicable to a tea undertaking or tea unit, as the case inay be, the person or body of persons authorised under section 16D, or, as the case may be, section 16E, to takc over the management of a tea undertaking or tea unit may, with the previous approval of the Central Government, make an application to any court having jurisdiction in this behalf for the purpose. of cancelling ,or varying any contract or agreement entered into, at any time before the issue of the notified order under section 1GD or section 16E, between the tea undertaking or the tea unit and any other person; and the court may, if satisfied after due inquiry that such contract or agreement had been entered into in bad faith or is detrimental to the interests of the tea undertaking or tea unit, make an order cancelling or varying (either unconditionally or subject to such conditions as it may think fit to impose) that contract or agreement, and the contract or agreement shall have effect accordingly. Contracts in bad faith, etc., may be cancelled or varied. 1.6G. (I) Where thc ~lzanage:neiit of a tea undertaking or tea unit owned by a company has beell taken over by any person or body of persons authorised by the Central Government under this Act, th'en, notwithst.anding anything contained in the said Act or in the memorandum or articles of associa.tion of such company,--- Application of Act `1` of 1956. ( ( 1 ) it shall not be la\vful for[the shareholders ][of ][such corn- ] - -p;.:l~ apj' pt'7.c:; ~~~:.~.(!!.! .if! nr11.nir)afe `01.` aplpnir>t `agj.` 1>c'r~~n t.0 :? director of t!lc ccrrip:ttiy; (!I) rccn1111ion 1 ; :r : t.rj ji; 2 rnpct-i?-!? nf i.\?r, s!>~reholdrr:: :;ll(;)i ~~,;;~,~;;;i:,~ f;ll:-;ji ; ~ ~ eRc(;i y ~ ~ `tG` l l L ] ~ ~ ~ ~ c ~ z ~ ; V;l;>rc:\;2L: ! . T T `+ J J` ~11:: cenirai i;o\~ernnlen*l; [ACT 75 Tea (Amendment) Power of Central Government `to` cancel notified order , undcr section 16D or 16E. Power of Central Government to authorise, with the permission of the Court, persons to take over management or control of tea undertakings or tea units. (c) no proceeding for the winding up of such company or for the appointment of receiver in respect thereof shall lie in any court except with the consent of the Central Government. (2) Subject to the provisions contained in sub-section (I), and to the other provisions contained in this Act, and subject to such other exceptions, restrictions and limitations, if any, as the Central Government may, by notification in the Official Gazette, specify in this behalf, the Companies Act, 1956, shall continue to apply to such company in the same manner as it applied thereto before the issue of the notified order. @