Lower-priced tea imports following the implementation of General Agreement on Tariffs and Trade pushed the estate into losses. The estate was taken over by a bank and the plantation was shut down after the owner failed to repay the loan on the estate.
Due to lower-priced tea imports under the General Agreement on Tariffs and Trade, the estate began experiencing financial losses. Consequently, the estate was acquired by a bank, and the plantation closed down when the owner could not settle the debt on the property.