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Citation: 1967 PLD 637
Court: Lahore High Court
Year: 1969
Decision Date: 1969-12-31
Parties: THE UNITED BANK LTD. MESSRS COMMERCE BANK LTD. PAXISTAN LTD. vs JUDGMENT
Case cited as PLD 1967 Kar. 637
Court Name: Lahore High Court Judge(s): Karam Elahi Chauhan Title:THE UNITED BANK LTD. MESSRS COMMERCE BANK LTD. PAXISTAN LTD. vs JUDGMENT Reported As: PLD 1970 Lahore 235 Result: accordingly disposed of Judgment JUDGMENT There have been instituted in this Court two applications under section 162 of the Companies Act (VII of 1913) (hereinafter called the Act), for winding up of a private limited company known as "Pak Wheat Products Limited", Lahore. One application was filed by the United Bank Limited on 16-3-1967 and bears Civil Original No. 14/ I 967. The other application was filed by the National Bank of Pakistan on 4-11-1967 and bears Civil Original No. 88/1967. The proceedings in both the applications were consolidated by my order, dated 23-5-1969. In the aforesaid main cases, there were then filed following six miscellaneous applications for the purposes shown against each of them. Serial No. Of application Filed by For No. 1. C. Misc. 15/L-67 in The United Appointing a pro- C. Org. No. 14 of Bank Limited visional liquidator. 1967. Under sec-- petition 175(2) of the Companies Act. --- ## Page 2 2. C. Misc. 25/L-67 in Filed by the For taking into C. Org. No. 14/67. Commerce possession Com- Bank. Pany's record. 3. C. Misc. No. 26/L-67 The Industrial Claiming preference in C. Org. No. 14-Development with regard to its 1967.Bank of claim. Pakistan. 4. C. Misc. No. 121/L- The Commerce For being appointed 68 in C. Org. Bank Limited as a provisional No. 14/67.…
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