MUHAMMAD NASIR GHAZI versus G.M. PRINTO PACK (PVT.) LTD.
Sections 305, 306, 328 and 329 Applicants to collate company are unable to pay the company's debt despite the company's registrar registering numerous charges against its assets. The company did not file objections to the request to terminate the lenders. The request was that the applicant and his wife as director of the company instructed him to terminate his entire financing. There was no question of ineligibility in the payment of, if, under the order of the High Court, suitable persons can initiate legal proceedings against the applicant and his wife. This company will be injured while directing its directors to submit to the terms of section 328 of the Companies Ordinance, 1984, a statement regarding its affairs is issued, which is, after that, section 329 Will submit its preliminary report to the court. Upon its notice, any fraud caused by any person in the opinion, publicity and formation of the Company's failure and further report content, including the opinion, after which the court may pass a proper order Can \ r \ n
Related judgments — Karachi High Court Sindh, 2009
