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UNITED LINER AGENCIES OF PAKISTAN (PVT.) LTD., KARACHI versus MISS MAHENAU AGHA

Sections 2 (28) and 89 Constitution of Pakistan (1973), Article 185 (3) Transfer of shares of a private limited company The vacant right of the existing shareholders / directors has no objection to the sale of shares of the first State Bank of Pakistan Existing shareholders / directors were sold their shares to third party defendants only on the basis that the plaintiffs agreed to sell the shares on the basis that they were willing to buy the shares but no notice by the Company's Article of Article. Was found. The case was either given to the secretary of the company or he was dismissed by the High Court under the exercise of real civil jurisdiction, but a division bench of the High Court allowed the appeal and the decision was made in favor of the plaintiff in favor of the plaintiff. Was heard. With no objection from the State Bank of Pakistan, the articles of sale of the company that the present members of the company are willing to buy the shares have the right to pre-emptively own the rights which the Articles of Association provide. Neither was offered to buy the shares at a reasonable price and the first right to refuse to buy the same fact is that the State Bank of Pakistan did not object to the transfer and purchase of the shares in favor of the transfer. In the case of shares, the purchase transaction will not be validated in favor of the buyers. Supreme Court refuses to interfere in a decision passed by a division bench of the High Court in the matter of Article of Association famous high court advocate from Chaman lawyer