USMAN LATIF vs BASHIR JAMIL AND BROTHERS (PRIVATE) LIMITED, SIALKOT Ss — 2026 CLD 329 LAHORE-HIGH-COURT-LAHORE

Case information

Citation: 2026 CLD 329 LAHORE-HIGH-COURT-LAHORE
Court: Lahore High Court
Year: 2026
Reporter: CLD
Parties: USMAN LATIF vs BASHIR JAMIL AND BROTHERS (PRIVATE) LIMITED, SIALKOT Ss
Provisions referred to: 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

USMAN LATIF VS BASHIR JAMIL AND BROTHERS (PRIVATE) LIMITED, SIALKOT Ss.159(1), 159(2) & 160---Proceedings of election of Board of Directors, assailing of---Limitation---Petitioner, being shareholder of the Private Limited Company ('the Company'), challenged the election process of the Board of Directors of the Company---Objection qua limitation was raised as petition before the Court was filed after about one and half month of the impugned election---Validity---The delay in filing petition had been satisfactorily explained---Petitioner applied for certified copies of relevant minutes on the very next day of impugned proceedings, however, only uncertified copies were provided after about fifteen days ; certified copies were re-applied for but, unrebuttedly, were never issued---Accordingly, the delay stood duly explained---Therefore, there was no merit in the contention that the petition was barred by limitation, particularly when there had been a failure to comply with the mandatory provisions of Ss. 159(1) & (2) of the Companies Act, 2017---High Court declared the election of the Board of Directors of the Company as illegal, void ab initio and without lawful authority, being violative of the mandatory provisions of the Act 2017, and set aside the entire election process and resolutions passed ; consequently, directing the existing Board of Directors to proceed election process in compliance with provisions of Ss. 159(1) & 159 (2) of the Act, 2017---Petition, filed by shareholder of Company, was allowed accordingly.

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