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PAKISTAN WAPDA versus KOT ADDU POWER CO LTD


Ordinance of Companies 1984 Sections 290 and 292 West Pakistan Water and Power Development Authority Act (XXXI of 1948), Section 8 (2) (vii) Temporary Manager, Privatization of Power Generation Unit Authority One of the units Has privatized and created a company for management. Despite the presence of a minority stake in the company and 64% of the majority holding the company, the management of the company was still running the affairs of the company. A method that was not only oppressive to its members and creditors, but also a public-spirited company, was giving billions of rupees to its affiliates by raising energy prices. The administration was running the matter, the administration was running the matter, the administration was facing problems for the public interest as well as with the authority of the High Court as well as persecution of the company's respondent no. Be sure to run and prevent Company Respondents 2 from acting in a manner that is prejudicial and detrimental to the public interest. Authority Appoints Temporary Manager to handle pending company decision

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