The applicants of the Sections 284 and 287 Arrangement Scheme sought the approval of the Management Scheme between which the unlisted companies were to be merged into a Public Limited Company, under the scheme of arrangements, the entire assets of the unlisted companies. , Liabilities included. And the responsibility of every detail was to be transferred to the Public Limited Company Public Limited Company and it was entrusted with the responsibility, for such transfer, the unlisted companies would have to issue 60 common shares of Rs. For every 100 ordinary shares, the shareholder submitted a report of Rs 10 with the shareholders holding them, nor did any non-member nor unlisted companies or public limited company lenders approve the arrangement. Raised an objection to the transfer of all assets, liabilities and liabilities of the non-affiliated companies. The Public Limited Company, which caused them to approve the settlement arrangement by the court and to adjust the share of the shareholders of unlisted companies, did not respond to the scheme by the Security and Exchange Commission of Pakistan. Was. Reservations about the approval of the arrangement scheme, the arrangement scheme, as stated, was approved by the High Court, under the circumstances \ r \ n
Related judgments — Karachi High Court Sindh, 2009
