SARBAZ CEMENT LTD. versus BANKERS EQUITY LTD.
Companies Ordinance 1984 Section 333 OFFICIAL LEVIDATOR SCOPE OFFICES OFFICIAL LEVIDATOR has been given the option of selling a company's movable and immovable property and goods through a public auction or a private contract, so that all of its shares are available to anyone. Or transferred to the company. Same as in parcels. Such powers of government leviators are subject to the approval of the court or the inspection committee, whereas there may be cases where the terms and conditions sought for the bid published in various newspapers clearly indicate that the sale of the assets etc. is accepted by the court. , And the court had not yet accepted the offer of the highest bidder, no right, which could be said to have the right of the bidder to enforce the sale. ? Such discretion should be exercised with justice at the sole discretion of the Company and its creditors' interest in approving the sale or not = court's latest offer in the interest of the company and the creditors. The instructions were in accordance with the law
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