SAMSONS GROUP OF COMPANIES vs PANTHER DEVELOPERS S — 2022 CLD 932 ISLAMABAD

Case information

Citation: 2022 CLD 932 ISLAMABAD
Court: Islamabad High Court
Year: 2022
Reporter: CLD
Parties: SAMSONS GROUP OF COMPANIES vs PANTHER DEVELOPERS S
Provisions referred to: S. 201---; S. 201; Companies Act

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

SAMSONS GROUP OF COMPANIES VS PANTHER DEVELOPERS S. 201--- "Indoor management"--- Principle of 'ostensible authority'---Board resolution, absence of---Rectification---Contract made on behalf of a company without authority of board resolution can be ratified by company, including by its conduct---Provision of S. 201 of Companies Act, 2017, does not displace common law doctrines of "ostensible authority" and "indoor management" intended for protection of third parties entering into an agreement with a company in good-faith without notice of lack of authority of executant on behalf of a company.

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