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Loss-making TANTEA says no to Manjolai
The New Indian Express
|August 02, 2024
THE Tamil Nadu Tea Plantation Corporation Limited (TANTEA) told the Madurai Bench of the Madras High Court that it is legally not feasible for it to take over the possession of the Manjolai tea estates from the Bombay Burmah Trading Corporation Limited (BBTCL) and operate it.
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TANTEA made the submissions on Thursday before a division bench of Justices R Suresh Kumar and G Arul Murugan, and said that in recent years, it has been facing losses due to various factors and had even obtained loans to pay wages to workers, staff salaries and retirement benefits. It stated that it lacked the financial capacity to ta
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