MESSRS SAADI CEMENT LIMITED versus SHAMIM MUSHTAQ SIDDIQUI
The Companies Ordinance 1984 Sections 284 285, 286, 287 and 288 of the Scheme should repay the loan over a period of up to 10 years, covering the entire amount of the principal as well as marking the fixed rates. ? In addition to this payment, the scheme also provided additional securities to the lenders through the transfer of property. Under the scheme of arrangements, the lenders were taking good steps with additional security, in the secured assets acquired by the leasing companies and the lenders, and with their own supervisors and the applicant company. Monitoring of matters is supported. The petition was allowed through an executive committee scheme proposed by the applicants and approved by the High Court, as approved by the company's creditors' meeting.
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