BANKERS EQUITY LTD. versus SUNFLO CIT-RUSS LIMITED
Civil Procedure Code Order XXXIX Temporary Injections and Interlocutory Orders Section 10 Companies Ordinance (XLVII of 1984), Sections 31 and 32 Civil Procedure Code (VV 1908), O XXIX, R 1 Application for leave to apply for a debt relief Leave Effect of Defendant Company was a corporate body and according to the Memorandum and Article of the Association of Defendants Company, none of the Defendants' officers had a concept of sub-delegation of powers. The defendant was not the Company's Purchase Manager. Eligibility for transfer of such application under the SEO, Banking Companies (Loan Progress, Loans and Recovery of Finance) Act, 1997, was not enforceable by an unauthorized person, requesting leave for defense. Was excluded under the circumstances
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