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RANA MUHAMMAD TARIQ ANJUM versus IHSAN PROCESSING MILLS (PVT.) LTD


Section 5 Company P The closing petitioner of the company sought the direction of the company on the basis that he was unable to discharge his duties. The applicant was of the view that the company owed the applicant Rs 14,25,100 that he had accepted because of the civil works of the applicant company. The complainant was of the view that the company had demanded that the company be summoned under section 5 the5 of the Companies Ordinance on non-payment of funds, the facts on the 1984 record Fac record record proved that The company is not in a position to discharge its obligations and has not faced any opposition from any quarter. It was allowed to contest the applicant's claim when it was requested that the officially appointed public liquidator be instructed to take control of the company's assets and then proceed according to law.

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