| Citation(s) |
|---|
| 1982 SLG 932 1982 SLD 932 = 1982 PLD 103 |
Lahore High Court
Civil Original No. 95 of 1979, decided on 28th October, 1981.
Before Gul Muhammad Khan, J
A. H. Najfi for Petitioner. Sh. Muhammad Zafar for
Respondents.
Civil Original No. 95 of 1979, decided on 28th October, 1981.
Before Gul Muhammad Khan, J
A. H. Najfi for Petitioner. Sh. Muhammad Zafar for
Respondents.
ABDUR RASHEED-Petitioner
VERSUS
MESSRS NIPPON ROBBIN COMPANY (PAKISTAN) LTD. AND 6 OTHERS-Respondents
Law: Companies Act, (VII of 1913)
Section: 162 , 163
JUDGMENT
This is an application under section 162 of the Companies Act, 1913, for winding up of respondent No. 1 on the ground that the company is not in a position to pay its liabilities and it in fact failed to pay back the petitioner's debt due despite legal notice. In its written statement the respondent company categorically denied the liability by saying that it never borrowed any money from the petitioner and that nothing is due from it.