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Petitioner: NAZMEEN SHAFI VS Respondent: SINDH TRAVEL SERVICES (PVT.) LTD. through Managing Director and 5 others
Court Name: Sindh High Court Judge(s): Maqbool Baqar Title:NAZMEEN SHAFI vs SINDH TRAVEL SERVICES (PVT.) LTD. through Managing
Director and 5 others Case No.: J.M.No,27 of 2004, Date of Judgment:2007-03-06 Reported As: 2008 CLD 572 Result: Order accordingly Judgment ORDER MAQBOOL BAQAR, J.-- ---"Trough this application, under Order XXIII, Rule 3, C.P.C., duly signed by Nazmeen Shafi, the petitioner and her counsel Mr. Munawar Hussain as well as by respondent No,2. Mian Naeem Afzal for self and on behalf of respondent No,1, company, and the respondents' counsel. It is submitted that the parties have resolved their dispute amicably, in terms whereof, the respondent No,2 has paid to the petitioner a sum of Rs,2,67,67,480, vide pay orders Nos.02717873, 02535313, 3036347 and 2769535, the first one for Rs,7,483,740, drawn on Askari Commercial Bank, Jinnah Avenue Branch, Islamabad, the second for Rs,5,500,000 drawn on the same Branch of the Bank, the third for Rs,13,383, 740, drawn on Askari Commercial Bank, Preedy Street Branch, Karachi and the fourth for Rs,4,00,000 drawn on Askari Commercial Bank. The above amount has been paid to the petitioner towards the value of her holding in the company and upon the above payment, the respondent No,2 has become the sole and absolute owner of the shares held by the petitioner in the respondent No,1 company. The petitioner having been paid the amount of her claim has now absolutely no claim over/or in respect of the shares and assets of the respondent No,1 company or against the respondent No,2 or any of the Directors of the respondent No,1 company. The application is granted. The petition stands disposed of in the foregoing terms.
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