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METRO MANAGEMENT (PVT.) LTD versus PRIVATIZATION COMMISSION OF PAKISTAN

Ordinance of Companies 42, 12 and 55 (XLVII of 1984), Sections 86 and 87 Civil Procedure Code (v. 1908), sale of shares owned by AXXX, RR 1 and 2 lenders, which issued to them in lieu of their arrears. Were done O xxxIX, pending application under Rr 1 & 2, the CPC seeks an interim order requiring the defendants and their employees to hand over the factory to a third party or to the rights of a third party Preventing the creation, interest in the suit property and declaration of shares of the company and certain disposals until the final settlement of the shares, subject to the original agreement and the time-bargaining agreement, was not transferred to the plaintiff's name in the name of the plaintiff Was not brought in so that the shares could be shown in favor of their shares. The Companies Ordinance of the Lenders, was not issued in accordance with the relevant provisions of 1984 nor did the Plaintiff initiate any proceedings under the Companies Ordinance, 1984 statement that the plaintiffs were entitled to the shares sold by the lenders. The right of first refusal to purchase was not upheld in the claim and only half-hearted attempts were made in the affidavit again to introduce the agreement that the plaintiff appeared in court after six intervals. Months of advertising for selling shares by lenders, which appeared in leading newspapers, the plaintiff stated in the plaintiff that he was shocked at receiving credible information from various sources, but failed to disclose the source, Provided this information after the termination. The plaintiff six months deliberately tried to give the wrong impression that it had more than 50% of the company's shares and the lenders best advocate from Sargodha lawyer