ADAMJEE INUSRANCE COMPANY LIMITED AND OTHERS versus MUSLIM COMMERCIAL BANK LIMITED AND OTHERS
Section 178 Ordinance of Banking Companies (LVII of 1962), Section 23 Insurance Ordinance (XXIX of 2000), Section 67 Special Relief Act (Sections 42 and 54 of the 18771 Civil Procedure Code (VV 1908), O XXXIX, Rr 1 and 2 The Constitution of Pakistan (1973), Article 185 (3) of the Board of Directors of the Defendant Bank did not agree with the management of the defendant company, which had a 29% stake in the Defendant Grant Plaintiff Company. As per the law required by the Securities and Exchange Commission of Pakistan and the State Bank of Pakistan, the position of director of the plaintiff company had already expired but He occupied his office
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