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Mian WAQAR UD DIN vs UNITED INDUSTRIES LIMITED Ss — 2026 PLD 226 LAHORE-HIGH-COURT-LAHORE

Case information

Citation
2026 PLD 226 LAHORE-HIGH-COURT-LAHORE
Court
Lahore High Court
Year
2026
Reporter
PLD
Parties
Mian WAQAR UD DIN vs UNITED INDUSTRIES LIMITED Ss

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

Mian WAQAR UD DIN VS UNITED INDUSTRIES LIMITED Ss.136 & 286---General meeting proceedings---Court's power to invalidate---Limitation---Failure to challenge within time, effect of---Subsequent oppression petition---Maintainability---Court is empowered to declare the proceedings of a general meeting including an EGM, invalid---This would require a petition by members having not less than 10% of the voting power in the company and may be declared invalid by reason of a material defect or omission in the notice or irregularity in the proceedings of the meeting---Therefore, the law itself provides an alternate remedy to the members having not less than 10% of the voting power---Petition shall be made within thirty days of the impugned meeting---If a minority shareholder does not file the petition within time he cannot allege oppression of the minority shareholders.

Other judgments reported in 2026 PLD

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