INDUS POLYESTER COMPANY LTD. THROUGH OFFICIAL LIQUIDATOR versus
Under Section 387 (5) of the Civil Procedure Code (v. 1908), Section 151 extended the law and order situation, directors of the company, as well as government liquidators, made diligent efforts to facilitate the sale of company assets, but not all. Under the provisions of the Companies Companies Ordinance, 1984, the process of conciliation was to be abolished within a period of one year, but due to law and order situation, the same could not be done for the extraordinary meeting of the members of the Government Hon. Gave notice for Company and direction proceedings can be extended for a period of six months, after due diligence, all members of the company unanimously agree and approve a resolution whereby the direction of the end of the action The time was extended to six years. Months later, the Liquid High Court filed an application by the Government Liquidator to approve the resolution for the extension of the term. According to the supplement, who had ratified the request, the special resolution passed by the members. Approved and extended another six months to end the process.
Related judgments — Karachi High Court Sindh, 2010
