ADIL MASOOD BUTT versus MESSRS COSSAR CARPETS (PVT.) LTD
Section 5 30c (c), Disapproval of a Company for Non-Businessing for Many Years, Legitimacy Non-cooperation between various groups of shareholders created a disruption in the affairs of the company The business of the company was suspended for many years. And the company suffered losses. It was neither commercially viable nor had any potential to be profitable in the near future. The company was owned by three groups but the relationship between them reached the point where they could not work together for the benefit of the company. For more than a year and a permanent liability, the High Court will have sufficient limitation to issue an order to the injured company and to appoint an official levieditor.
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