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MESSRS TAJ PRINTING & PACKAGING INDUSTRIES LTD. versus LAWRENCEPUR WOOLLEN AND TEXTILE MILLS LTD.

Special Relief Act 1877 Section 42 Suite for Declaration Defendants, a Public Limited Company, to control the capital affairs, subject to the consent of the Government of Pakistan, in accordance with the terms of the Order, to issue shares of full payment under the terms of the Defendants Had agreed to. Responding to the above letter, Plaintiffs notified Plaintiff in response to the letter that they have decided to purchase Non-Purchase Shares and requested that Plaintiffs send an allotment letter to Plaintiffs as proposed. Is gone Was approved, no informal allotment letter was required and the plaintiffs were asked to send a bank draft for the amount involved. The plaintiffs sent the draft of the demand to the defendant, which was conveyed to the defendants in another letter addressed to the plaintiffs. It was confirmed that the consent order had expired, so they were not legally authorized to issue any securities, and therefore the money received was being returned through a draft controller of capital affairs, however, Subsequently, the plaintiffs insisted that the shares be issued and that the bank draft was also available to them. A given, which is maintained by the defendants. The plaintiffs held that, under the circumstances, the defendants were obliged to issue shares in response to the question, the plaintiffs deserving the declaration that they were the owners of the said shares in the plaintiff's company, which will be effective from the date of the decree. All rights and benefits accrued, and profits announced in the next financial year, however, will be deducted from the due date to pay the amount calculated on an annual basis of 1596. top civil advocates from Ambela lawyer