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FLYING KRAFT PAPER MILLS (PVT.) LTD., CHARSADDA versus CENTRAL BOARD OF REVENUE, ISLAMABAD

Companies Ordinance 1984 Section 305 Court order to auction the company from the direction As soon as the court orders the termination of the company, such a company ceases to function except for the purposes of concluding matters. The court made it clear to the auctioneer company that only the building, machinery, plant and other assets belonging to the company were sold to the auctioneer. There was no indication in the above document that the business was transferred to the auction buyer as a result of the court sale, with the auction buyers purchasing the company's building, machinery and plant at their public foundation. Had set up his own factory, created a completely different company from the sales company for all practical purposes. In all respects it has no law, and in fact the auction buyers did not step in the shoes of the company selling the auction under the circumstances. After the auction company purchased the building, machinery and plant, the production started in the factory established by the auction buyers was not a continuation of the old business of the wound company, but rather a new establishment. property advocate from Poonch lawyer