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ADAMJEE INSURANCE COMPANY LIMITED versus MUSLIM COMMERCIAL BANK LIMITED, ISLAMABAD

Special Relief Act 1877 Sections 42, 54 and 55 Civil Procedure Code (VV 1908), Section 9 Ordinance of Banking Companies (LVII of 1962), Sections 5 (b), 7 and 23 Insurance Act (I38 of 1938), Section 35 Insurance Ordinance (XXXXX 2000), section 67 suit for declaration and injunction, for breach of law and public policy by the banking company (defendant) to acquire the majority stake of the insurance company (plaintiff). Claim against the claimant by the plaintiff claiming that their action was illegal. To prevent them from exercising the voting rights of the shareholders, to meet or ask for selection as a director of the Board of Directors. The prayer for interim relief of such effect was to be dealt with in accordance with Val Banking Business Section Section 5 (b) (Ordinance of Banking Companies, Prima Fax Banking Company of 1962, Ordinance of Banking Companies, 3096 under Section 23 of 19) Could not hold part of paid-up capital. 62, while shares in the insurance company were acquired against the provisions of section 35 of the Insurance Act, 1938, the banking company acknowledged controlling shares in the insurance company against the mandate of the law, the first of which was to take over the insurance company. Was bid for. The choice of the directors of the insurance company was to be in the near future, to participate in administration by elected representatives, to vote at the table at the company meeting and earn the right. The profits and profits of the shares were the valuable rights which are attached to any of the shares; the application was allowed under OXX, RR 1 and 2, CPC. top advocate from Khairpur Nathan Shah lawyer