FIRST DAWOOD INVESTMENT BANK LTD., KARACHI vs BANK OF PUNJAB through President, Lahore S — 2022 PLD 769 SUPREME-COURT

Case information

Citation: 2022 PLD 769 SUPREME-COURT
Court: Supreme Court of Pakistan
Year: 2022
Reporter: PLD
Parties: FIRST DAWOOD INVESTMENT BANK LTD., KARACHI vs BANK OF PUNJAB through President, Lahore S
Subject matter: Criminal
Provisions referred to: S. 305; Companies Ordinance

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

FIRST DAWOOD INVESTMENT BANK LTD., KARACHI VS BANK OF PUNJAB through President, Lahore S. 305(e)---Winding up of company---Default in payment of debt---Word "may" used in section 305 of the Companies Ordinance, 1984 ('the Ordinance') for the company court to admit the winding-up petition---Connotation and scope---Word 'may' clearly denotes the discretionary nature of the jurisdiction vested in the company court to pass a winding-up order---Company court must, first and foremost, be fully cognisant that it is called upon to examine the merits of the need of a winding-up order, and not settling disputes of a civil nature that may arise out of a contract or obligations arising under an agreement.

Other judgments reported in 2022 PLD

2022 PLD 40 HIGH-COURT-AZAD-KASHMIRGUL MUHAMMAD VS JAN MOMAMMAD O. XII, R. 1---No abatement by party's death, if right to sue survives---Scope---Criteria to determine when aba…
2022 PLD 773 LAHORE-HIGH-COURT-LAHOREMEERA SHAFI VS FEDERATION OF PAKISTAN Art. 14---prevention of electronic Crimes Act (XL of 2016), S. 20---Inviolability of dignity of man---…
2022 PLD 773 LAHORE-HIGH-COURT-LAHOREMEERA SHAFI VS FEDERATION OF PAKISTAN Art. 19---prevention of electronic Crimes Act (XL of 2016), S. 20---Freedom of speech---Offences again…
2022 PLD 773 LAHORE-HIGH-COURT-LAHOREMEERA SHAFI VS FEDERATION OF PAKISTAN S. 20---offence against dignity of a natural person---Defamation---Scope---Section 20 of the preventio…
2022 PLD 773 LAHORE-HIGH-COURT-LAHOREMEERA SHAFI VS FEDERATION OF PAKISTAN S. 20---offence against dignity of a natural person---Use of offensive and derisive language---Scope--…
2022 PLD 773 LAHORE-HIGH-COURT-LAHOREMEERA SHAFI VS FEDERATION OF PAKISTAN Ss. 155 & 154---prevention of electronic Crimes Investigation Rules, 2018, Rr. 6 & 7---Information in…

Back to the case-law library · Search Pakistani case law in Urdu or English