CARAVAN EAST FABRICS LIMITED versus ASKARI COMMERCIAL BANK LTD., AL-BARAKA ISLAMIC BANK LTD.
The scope and extent of the application for approval of the section 284 settlement or management scheme, whereby it was suggested that the actual liabilities of both secured or unsecured creditors be converted into equity, and that All lenders will delete objections filed by lenders. The mortgage orders were filed and executed against the company; other lenders also filed seven suit cases and were pending in a banking court, all of which were executed in the High Court as well as in the suit. There were hearings. In the present action, the Companies Ordinance, 1984, has been withheld under section 284 (5). Lenders' notification class of lenders, the interests of the entire class of lenders should be dealt with on the basis of, function, options and approval options or otherwise scheme rules
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