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ENGRO CHEMICAL PAKISTAN LIMITED versus MUHAMMAD HUSSAIN DAWOOD

Sections 42, 54 and 55 Civil Procedure Code (v. 1908), Section 9 Companies Ordinance (XLVII of 1984), Section 208 Securities and Exchange Commission of Pakistan Act (XLII of 1997) Sections 17 and 20 Monopoly and Compulsory Trading Practices ( Control and prevention) ordinance (v. 1970), section 20 of the Central Depository Act (XIX of 1997), section 27 of the Foreign Exchange Regulation Act (VII of 1947), section 23 suit, order of declaration, injunction and order of accounts Acquisition of shares of the plaintiff company by the plaintiff companies in the bid. Challenges to the acquisition of its shares under the authority of the plaintiff plaintiff, with the provisions of the Companies Ordinance, 1984 Monopoly and Restricted Trading Practices (Control and Prevention) Ordinance 1970, the Central Depositories Act 1997, the Foreign Exchange Regulation Act 1947 Has been declared a violation. Defendants of the Securities and Exchange Commission of Pakistan Act, 1997 objected to the case on the basis that the plaintiff was cured. Available to the Securities and Exchange Commission of Pakistan and not through a civil suit, but validity against the provisions of the penalties under this case, but there is no cure for the civil liabilities that a party may seek to enforce. The violation resulted in a violation. Who suffered in the hands of wrongdoers, there was no legislation or self-regulation. Neither the Securities and Exchange Commission of Pakistan had any constitution to regulate matters related to the acquisition of substantial shares and the matters related to them. Taking over and / or managing another company patent advocate from Sarai Alamgir lawyer