INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN versus BAHAWALPUR BOARD MILLS LTD
Industrial Development Bank of Pakistan Ordinance 1961 Section 39 Companies Ordinance (XLVII of 1984), Sections 290 and 316 Maintenance proceedings, Recovery proceedings filed under section 39 of Industrial Development Bank of Pakistan Ordinance, 1961 Started before Section 6, Companies Ordinance, provided 1984 provided provided provided that no lawsuit would be prosecuted or against any company for which a summons was ordered or a temporary manager. Except for the court leave was fixed. As the aforementioned court will enforce the retrieval process which falls within the term, it is obliged to withhold other legal proceedings until the leave provided under section 316 of the Companies Ordinance, 1984.
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