HABIB BANK LTD. versus GOLDEN PLASTIC (PVT.) LTD.
Ordinance 1984 section 305 of the Companies provides for the company to terminate the company by section 305 of the ordinance, 1984, under which the company may be injured by a court under clause (e) if the company fails to pay its debts. So, he is responsible. In addition to the matter of injury by the court, if the court is of the opinion that it is appropriate and fair to injure the company, it may do so even though no legal notice was presented to the company and as a result, the petition The beneficiary is not entitled to benefit from the possibility of non-payment or inability to pay, the applicant can still prove that the company is unable to repay its debts otherwise the applicant's loan is not disputed.
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