SHAUKAT ALI versus AMIN FABRICS LTD.
Section 290 was a petition to the applicant's company to conclude that the company had been showing loss for the last ten years. And that the affairs of the company were oppressing the members and that they were not being managed in accordance with the appropriate business principles / tactical trade practices, the applicant intended the effect of Ordinance Section 290 of the company, 20% of the company Held less than one share. A company known for protecting the interests of minor shareholders from acts of oppression and mismanagement, holding such shares could not maintain such a request; thus, it was dismissed.
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