PAKISTAN INDUSTRIAL CREDIT AND INVESTMENT CORPORATION LIMITED versus MANSOOR TEXTILE MILLS LIMITED.
Ordinance of Companies 1984 Sections 306 and 325 of the Company's contract for the sale of the assets of the companies were allowed by the court during the period of private negotiation by the court and further extension was also extended in the extended period. The company, which failed to honor its commitment to the orders, failed to pay the off-court company otherwise large-scale liabilities, as their mills shut down repeated losses over the past several years. The lenders unanimously found the company suitable to handle the case. Supported Case Support.
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