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Monday, 29 December 2014

Injunction | Legal Education

       Equity provides equitable relief by way of injunction in the nature of preventive or mandatory relief. It may be temporary or permanent.  “Injunction is an order of the court to a party to the proceeding to do or to refrain from doing a specify act.” Injunction is a discretionary relief. Followings are the principle of grant of injunction.



                        Apprehension of damage To meet the end of justice Defraud to the credits Section 56 of specific relief act 1877 provides ground where the court can refused injunction as followed. The court will not grant perpetual injunction to restrain a person from prosecuting a pending judicial proceeding. A permanent injunction cannot be granted a proceeding pending in a superior or higher court.



The court cannot grant injunction restraining the defendant from applying to a legislative body.  An injunction cannot be granted to interfere with the public duties of any department of the Federal Government or any Provincial Government or with the Sovereign acts of a Foreign Government.  No injunction shall issue to prevent the breach of a contract which the court can not specifically enforce.

          Nuisance is anything wrongfully done or permitted to be done which injures annoys a person in the enjoyment of his legal right.  No injunction shall be granted to prevent a continuing breach in which plaintiff acquiesced. A more acquiescence is not enough. There shall however be not continuing breach.  The principle that specific performance shall not be granted if damage is adequate remedy equally applies to the grant of injunction. 


 The plaintiff must come with clean hands and must show that his acts were fair and equitable court refuses injunction if he does not show clean hands. The court will not grant an injunction to a plaintiff unless he has a personal interest in the subject matter of suit personal interest.  Equity provides equitable relief by way of injunction in the nature of preventive or mandatory relief. It may be temporary or permanent.
         


Saturday, 27 December 2014

Widing Of Company By Court | Law

Winding-up Of Companies:

            The existence of company can be terminated by means of winding-up. Winding-up of a company is a proceeding in which all its affairs are wound-up.
     Section 305 to 311 of Companies Ordinance 1984. “Winding-up of a company is a process whereby its life is ended and its property is administered for the benefits of its creditors and members.


Winding-up by court.Voluntary winding-up.Winding-up subject to the supervision of court. The process of putting and end to companies life at eh order of the court is called winding-up by court. It is also called compulsory winding-up. Winding up be special resolution. Winding up by default in delivering statutory report. Winding up by failure to commence business.



Winding up by reduction of membership. Winding up by inability paying debt. Winding up by unlawful and fraudulent activities. Winding up by unauthorized business. Winding up by conductive business oppressive accounts.Winding up by fraud of management cessation.Winding up by a listed company.Winding up on just and equitable ground. Winding up shall be commenced from the time of presentation of petition.

          Itself Creditors Contributors Registrar SECP 1997    At any time after the presentation of winding up petition the court shall appoint the provisional manager as official liquidator. Within 15 days from the date of winding up. A copy from order of winding up shall be file with the registrar. Transfer of share shall be void.


          Transfer of property shall be void. Provisional manager shall seas to hold his office. Company no more legal person.  Assets of company shall be distributed.No locus standee off against company.