CHASE MANHATTAN BANK, N.A. versus MESSRS FIRDOUS SPINNING AND WEAVING MILLS LTD.
Powers of Official Liquidators and Duties under Liquidation to Companies Ordinance 1984 Sections 333 (f) and 402 Under Section 333 (f) of the Companies Ordinance, 1984, authorization to sell the Company's immovable and immovable properties and goods Has been entrusted. Such power of a public liquidator is subject to the approval of a court or inspection committee's offer, by way of a public auction or private contract, with the authority to transfer or partially sell to any person or company. A) The cohesive company remains a company for all purposes until it is dissolved, however, from the date of the announcement of the company, it is officially considered that the company has taken over management and it is the companies. The K ordinance is set up in 5402 of 1984, but it does not have a director, its chief executive manages it instead of a public liquidator and the company's assets are reasonable. To be trusted with the court while the physical custody of such assets is with a government liquidator
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