UNITY FOODS LTD. vs SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN through Chairman S — 2025 CLD 86 KARACHI-HIGH-COURT-SINDH

Case information

Citation: 2025 CLD 86 KARACHI-HIGH-COURT-SINDH
Court: Sindh High Court
Year: 2025
Reporter: CLD
Parties: UNITY FOODS LTD. vs SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN through Chairman S
Subject matter: Constitutional
Provisions referred to: S. 221---I; S. 221; 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

UNITY FOODS LTD. VS SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN through Chairman S. 221---Inspecting affairs of company---Securities and Exchange Commission of Pakistan (Commission), jurisdiction of---Petitioner company assailed order appointing inspectors to inspect books of accounts, books and papers of petitioner company in all respects and to furnish report---Plea raised by petitioner company was that exercise of powers under S. 221(1) of Companies Act, 2017, could not be extended---Validity---Commission issued show-cause notice followed by order under S. 221 of Companies Act, 2017, followed by letter of inspectors so appointed seeking certain information, after realizing its frame and under no stretch of imagination it could deemingly be extended to the provision of inspectors having different eventualities to initiate such actions---High Court limited applicability of order in question to the extent of frame provided under S. 221 of Companies Act, 2017---High Court did not curtail rights of SECP insofar as contemplated actions under other provisions of Companies Act, 2017, if the situation would demand---Constitutional petition was disposed of accordingly.

Other judgments reported in 2025 CLD

2025 CLD 1438 KARACHI-HIGH-COURT-SINDHIN THE MATTER OF THE COMPANIES ACT, 2017 VS BEACH LUXURY HOLDINGS (PRIVATE) LIMITED, SPENCER AND COMPANY (PRIVATE) LIMITED AND PHYSONS (PRIV…
2025 CLD 53 INSURANCE-TRIBUNAL-LAHOREMUHAMMAD TARIQ VS JUBILEE LIFE INSURANCE S. 77---Language of policy documents---Principle---It is mandatory requirement of law to use plain…
2025 CLD 288 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANUNITED INSURANCE COMPANY OF PAKISTAN LIMITED VS The DIRECTOR/HOD, ADJUDICATION-I, ADJUDICATION DIVISION, SECP, ISLAMABAD Ss. 156 & 167---Tak…
2025 CLD 872 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANThe UNITED INSURANCE COMPANY OF PAKISTAN LIMITED VS The HOD, ADJUDICATION-I, ADJUDICATION DIVISION, SECURITIES AND EXCHANGE COMMISSION OF PA…
2025 CLD 435 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANHAJRA TEXTILE MILLS LIMITED VS DIRECTOR, CORPORATE SUPERVISION DEPARTMENT, SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN S. 33(1)(a)---Comp…
2025 CLD 393 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANUBL FUND MANAGEMENT LIMITED VS Ms. MOMY KAMAL Reglns. 66a(c)(i), 66a(c)(iv), 66a(d) & 66a(f)---Investing in Equity/Mutual Funds---Mis-sellin…

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