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STATE LIFE INSURANCE CORPORATION OF PAKISTAN versus BIBOJEE SERVICES LIMITED

Contract Act 1872 Sections 37 and 56 Companies (Managing Agency and Elections of Directors) Order (2 of 1972), Arts 4 and 6 (2) (b) manage the performance of the contract under which the contract was to buy shares of a company. , Had held that after the announcement of the Companies (Managing Agency and Election of Directors) Order, 1972, the Managing Agency was terminated and its obligation to purchase the Company's shares was also discharged, Article 4 of the Companies Administration (Administration and Selection) Director's Order, 1972, provided that all agreements or agreements were made by a company and the managing agency and the directors of the company designated by the managing agency ceased to hold their respective positions. Also under Article 6 (2) (b) of the order, the rights and obligations of a company or a managing agent However, the management agency's dispute was not extinguished pakistani advocates Jhudo lawyer