SHAHAMATULLAH QURESHI versus HI-TECH CONSTRUCTION (PVT) LTD
Sections 305 309, 290 and 9 (3) were the grounds for winding up the company taken by the applicant that the properties of the company were sold without the approval of the Board of Directors. That a large amount of money was transferred back to / personal account and used. The staff provident fund was not being managed properly and the company's chief executive was maintaining two houses and was gaining more than its entitlements. The accuracy counter affidavit denied all such allegations, and thus called all the facts contentious and contentious. It is important to conduct a detailed investigation and recording of evidence in connection with such disputed factual statements which could not have been made by the Company Judge, whose jurisdiction was in the nature of the direction under section 9 (3) of the Companies Ordinance, 1984 ?
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