IN THE MATTER OF: AUTO OILS (PRIVATE) LIMITED THROUGH LIQUIDATOR versus IN THE MATTER OF: AUTO OILS (PRIVATE) LIMITED THROUGH LIQUIDATOR
Sections 387 (5) and 359 voluntarily extend the application of the liquidator, by a court of one-year extension, to complete such extension within the time set by the company to complete the closing process. This can be done at one time for a month and also because if an action is pending in a court for or against the company, such extension shall not exceed six months in all months. It may be where the time extension request was filed almost immediately afterwards. One year, after the expiry of the statutory period on the basis of the departure of the section 387 (5), Ordinance of Companies, 1984, the High Court rejected the principles of application \ r \ n
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