SUNTEX INTERNATIONAL (PVT.) LTD.: IN RE Versus IN RE

ORDER

1. This petition under sections 290 and 291 read with sections 76(5) and 152 of the Companies Ordinance, 1984 is filed by one Tariq Alvi and Mst. Rehana Alvi. It is an admitted position that the company was owned by three persons namely Noor Muhammad, Khalid Alvi and Mst. Shagufta Yasmeen, who were also the Directors of the said company. All the above named three persons died in an accident leaving behind several heirs, out of whom 5 arc minors and rest of them arc majors. One of these heirs is Tariq Alvi and the other is Rehana Alvi who have filed the present petition. It is admitted by the learned counsel for the petitioner that in the application which was moved before this Court being SMA No.208 of 198 the shares belonging to Noor Muhammad, Khalid Alvi and Mst. Shagufta Yasmeen were not the subject matter and they were left over in view of the pendency of this petition. In view of the fact that Tariq Alvi and Mst. Rehana Alvi were not originally the share-holders of the company and they claim now to be the shareholders as a result of devolution of interest on account of death of Noor Muhammad it is incumbent on them to have first obtained succession certificate in respect of the share of Noor Muhammad before they could maintain this petition. At this stage learned counsel for the petitioner requests that hearing of this petition may be adjourned to enable the petitioner to obtain necessary succession certificate in respect of shares of Noor Muhammad, Khalid Alvi and Mst. Shagufta Yasmeen. I accordingly adjourn hearing of this petition for a period of two months to enable the petitioner to obtain the necessary Succession Certificate.

2. H.B.T./S-448/K

3. Order accordingly.