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ANJUMAN BHAHBOOD-E-MUTASSRIN TAJ COMPANY LIMITED (REGISTERED) THROUGH PRESIDENT versus REGISTRAR OF COMPANIES

Sections 284, 285, 286 and 287 of the Law Reform Ordinance (XII of 1972), the protection of the rights of only one class of creditors for the maintenance of the Section 3 Intra Court Appeal Scheme, at the expense of the others Appointed chairman for the meeting. And with the management of the company voting to approve the scheme for reorganization, thousands of voters from different parts of the country attended the meeting after proper scrutiny of the papers and voting papers. Given. And they were allowed to cast their votes there. There was an unrestrained mob, which disrupted the polling but it was the chairman's ideal arrangement that the situation was handled and the polling continued till the end of the day, as was the meeting by the chairman, as directed. Do not approve the scheme by a simple majority, therefore, the High Court rejected the scheme and in this regard the application was dismissed by the appellant. The Chairman did not hold the meeting in accordance with the guidelines and guidelines imposed by the High Court. In the present case, the Appellate Bench of the High Court found no justification for any decision in the entire proceeding. The meeting was based solely on whether there was a slight deviation. The company had other classes of lenders and was silent in relation to the rights of the proposed scheme and the protection of the rights and interests of other class schemes, which had only one section of interest on the altar. The company did not have to approve the interests of the other parties. famous supreme court advocate from Akhora Khattak lawyer