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MESSRS PAKLAND CEMENT LIMITED THROUGH DIRECTOR versus SHAMIM MUSHEQ SIDDIQUI

Companies Ordinance 1984 Sections 284, 285, 286, 287 and 288 Financial Institutions (Recovery of Finance) Ordinance (XLVI of 2001), Sections 4, 7 (4) and 27 Arrangement Schemes Payment of outstanding loans, arrangement schemes Violations of Financial Institutions Financing (Rehabilitation) Ordinance, Order 4, 7 (4) and 27 of 2001, against the applicant company by the banking court and the responsibility of the financial institutions made in favor of the applicants of the financial institutions. Orders for the removal of stripes were approved. The financial institution, which also filed before the High Court for approval of the scheme of arrangements, believed that the scheme was based on unhappy persons as the same amount of money or application required by the applicant for the financial data property scheme. The amount owed by the lessee will be reduced. The arrangement is to facilitate the collection of outstanding debts that the applicant was suicidal in order to keep alive the banking laws or the Civil Code of Conduct, 1908, which mandated that a company be kept alive. No attempt should be made where in the current arrangement scheme, the applicant did not attempt to reduce the amount imposed or the amount owed by the applicants. For financial institutions, the present proceedings were not inconsistent with the orders / orders or decisions approved by the banking courts or by any appeal under which the provisions of Sections 27, 7 (4) and 4 of the financial institutions were not violated. Had happened Finance) Ordinance, 2001, nor was there any conflict with Section 284 of the Company Ordinance, the scheme of arrangements of 1984 was adopted and law firms from Sohawa District Jelum lawyer