Realization of assets
Realization of assets legal meaning, translation and judicial precedents.
Meaning & Judicial Interpretation: (اردو مفہوم اور قانونی تشریح)
Arrangement under S. 284 Companies Ordinance, 1984 proposing to sell charged assets that were either pledged, hypothecated or mortgaged to the secured creditors to cover finance availed by the company
In relation to the said charged assets, the secured creditors would be exclusive holders of security entitled to priority for payment and discharge through the realization of such assets.
Preferential creditors could not override the interests and rights of the secured creditors.
"Realization of assets", Pakistan Law Portal, available at: https://paklawportal.com/words-terms-maxims/124945695
Precedents & Case Laws citing "Realization of assets"
P L D 1963 Azad J & K 55
Kh. ABDUL KARIM‑Petitioner Versus AKBAR YOUSAF MAST1 KHAN AND OTHERS Respondents
Court: High CourtP L D 1983 Karachi 382
MUHAMMAD SULAIMAN MALIK AND ANOTHER-Plaintiffs Versus ROYAL TRUST CORPORATION OF CANADA AND 2 OTHERS-Respondents
Court: -- S. 2(15)-Instrument of partition-Definition--If by an instrument, co-owners of any property divide or agree to divide such property in definite separate shares, it will be treated as instrument of partition Definition also covers orders passed by Revenue Authority or any Civil Court for effecting a partition-Award of Arbitrator directing a partition also to be treated as instrument of partition.-Words and phrases.2020 C L D 619
SIEMENS PAK ENGINEERING — Petitioner Versus JAPAN POWER GENERATION LIMITED and others — Respondents
Court: Lahore1972 P T D 618
COMMISSIONER OF INCOME‑TAX, GUJARAT II Versus B. M. KHARWAR
Court: Supreme Court India1998 P T D 3123
BANYAN AND BERRY Versus COMMISSIONER OF INCOME-TAX
Court: 222 I T R 8312014 C L D 1068
NATIONAL BANK OF PAKISTAN — Petitioner Versus ITTEFAQ FOUNDRIES (PVT.) LTD. — Respondent
Court: Lahore2015 M L D 411
NISAR AHMED — Plaintiff Versus Syed ARSHAD HUSSAIN — Defendant
Court: Sindh2007 P T D (Trib
N/A
Court: Income-tax Appellate Tribunal PakistanP L D 1987 Lahore 520
WORKS LTD.‑‑Petitioner Versus EXCISE AND TAXATION OFFICER, ZONE‑3,
Court:2016 C L D 2240
KARACHI PIPE MILLS LTD. and 4 others — Appellants Versus HABIB BANK LIMITED — Respondent
Court: Sindh