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ADAMJEE INSURANCE COMPANY LIMITED versus MUSLIM COMMERCIAL BANK LIMITED

Section 178 Ordinance of Banking Companies (LVII of 1962) Section 23 Insurance Ordinance (XXXXX of 2000), Section 67 Special Relief Act (I of 1877), Sections 42 and 54 Civil Procedure Code (VV 1908), O XXXIX, Rr l & 2 Constitution of Pakistan (1973), Article 185 (3) interim injunction, the choice of having 29% share of the board of directors defense bank in the plaintiff company was not satisfied with the management of the plaintiff plaintiff bank required necessary declaration and other reports had lived. As per the Securities and Exchange Commission of Pakistan and State Bank of Pakistan, the post of Director of the Plaintiff Company had already expired but he continued to occupy his office Plaintiff Company through its nominee at Plaintiff Company meetings. In a case filed by the plaintiff without the participation of a plaintiff company judge, the use of the original civil jurisdiction, an interim order was passed in which the defendants were barred from exercising. In exercising the jurisdiction of the appeal, the board of directors of the plaintiff company, giving its rights for selection to them, by rejecting the injunction order, the balance of the facility will be in the conduct of the election of the directors of the plaintiff as 5 In accordance with the provisions. Company Ordinance, 1984 Plaintiff's Company 178 suffered a great loss as a result of which it had to terminate its business in foreign countries. The defendants had legitimate and legally acquired shares and could not be barred from exercising their voting rights and other rights. As a shareholder and participating in the affairs of the plaintiff company, the plaintiff bank has the power to control the plaintiff's company. top advocate from Khurian wala lawyer