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Initializing Secure Chambers
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Initializing Secure Chambers
Citation: 1970 PLD 486
Court: Lahore High Court
Year: 1968
Decision Date: 1968-09-16
Parties: THE PUNJAB COMMERCE BANK LTD. (IN, LIQUIDATION) vs Sh. MAQBOOL ELAHI
Case cited as PLD 1970 Lahore 486
Court Name: Lahore High Court Judge(s): Muhammad Akram Title: THE PUNJAB COMMERCE BANK LTD. (IN, LIQUIDATION) vs Sh. MAQBOOL ELAHI Case No.: Civil Miscellaneous No. 41/L of 1962 and Civil Original No. 30 of 1962 Date of Judgment:1968-09-16 Reported As: PLD 1970 Lahore 486 Result: Order accordingly JUDGMENT JUDGMENT Briefly the facts of this case are that, on the 21st of July 1962, the State Bank of Pakistan Lahore, as the Official Liquidator, for and on behalf of the Punjab Commerce Bank Limited (in liquidation) moved an application (C. O. No. 30/1962), in this Court, that according to the information received, Sh. Maqbool Illahi, respondent was indebted to the Punjab Commerce Bank, Limited, now in liquidation, in tile sum of Rs. 26,500-5-0 besides interest due on a mortgage. The Official Liquidator was, however, unable: to ascertain the particulars of the mortgage in spite of his vigorous efforts. In these circumstances, in the absence of any evidence in the office of the learned Official Liquidator there was no prospect of proceeding against the respondent. He, therefore, requested that the amount due from the respondent may be allowed to by written-off as a bad debt. On this application on the 23rd of July 1962, the learned Company Judge issued summons to the respondent for his public examination. While this application was sill pending on the 11th of October 1962, the Official Liquidator regularly applied to this Court under section 195 of the Companies Act (C. O. No.…
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