Full Judgment Text & Judicial Ruling

2009 C L D 1492

2009 C L D 1492

[Islamabad]

Before Muhammad Munir Peracha, J

MUSLIM COMMERCIAL BANK LTD. through Attorney---Petitioner

Versus

DEWAN SALMAN FIBRE LIMITED and others---Respondents

Company Original No.4 and C.Ms Nos. 92, 93 and 94 of 2009, decided on 15th April, 2009.

Company Ordinance (XLVII of 1984)---

----Ss.305(e), 306(1) & 325---Companies Court Rules, 1997, R.76---Winding up of company---Petition for---Notice was ordered to be issued to the company and was restrained from alienating the substantial asset of the company till the next date of hearing---Company, however, would be at liberty to sell goods in the ordinary course of business.

Jam Asif Mehmood for Petitioner.

ORDER

Notice of the Company Original be given to respondents Nos. 1 and 2, to 14-5-2009.

C.M. No.92 of 2009

MUHAMMAD MUNIR PERACHA, J.---Respondent No.1 is restrained from alienating the substantial asset of the company till the next date of hearing, including 12,000,000 shares in Dewan Petroleum Private Ltd. However, respondent No.1 would be at liberty to sell goods in the ordinary course of business.

C.M.No.93 of 2009

To be herd along with main case.

C.M.No.94 of 2009

The dispensation sought for is allowed subject to all just and legal exceptions. The C.M. is disposed of.

H.B.T./M-532/Isl. Order accordingly.

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