PAK LIBYA HOLDING COMPANY versus MOHIB TEXTILE MILLS LTD.
Banking Companies (Debt, Progress, Credit and Recovery of Financial Issues) Ordinance 1997 Section 10 and 11 Companies Ordinance (XLVII of 1984), Section 316 was ordered to abolish the direction for leave to apply for collection of suit loan. Accuracy The plaintiff's company was ordered to 6e Injured by the company judge and proceedings were not stopped in other cases against the plaintiff company and its directors / guarantors where no such order was passed to stop the proceedings. , No leave of the company judge was required by the defendant company. The defense was denied and the verdict was pronounced
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