NATIONAL BANK OF PAKISTAN versus ALLIED PAPER INDUSTRIES LTD.
The Companies Ordinance 1984 Section 316 (1) Civil Procedure Code (v. 1908), pursuant to a decree passed by a court implementing section 47, is held jointly responsible for all persons, including the company, and Various petitions for execution were enforced under this decree, in the case of the company in which the wound was already standing, as a matter of judgment, despite the fact that the Company considered it under section 316 (1) of the Ordinance, 1984 The court could not get relief because the order would apply. Individual decisions against joint ventures such as the Declaration make them jointly and severally liable.
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