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NAYYAR INDUSTRIES (PVT.) LIMITED versus PUNJAB COOPERATIVE BOARD FOR LIQUIDATION


The Punjab Disappeared Co-operative Societies (dissolution) Act 1993 Section 11 Property Auction was refunded by the Board of Liquidation and no refund was made. It was raised by the board that the applicant had failed to fulfill its commitment. No details of the default by the applicant were presented to the court and there was nothing. According to the records also the applicant's offer was accepted and the applicant was also informed that the board had no right to retain such amount of applicant and on such occasions. But it was said that he should return some money.

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