1/2022 Judicial Companies Misc. Nadeem Power Generation & Nadeem Textile Mills Ltd (Applicant) V/S Nadeem Textile Mills Ltd. (Respondent)

Sindh High Court2022

Bench: Hon'ble Chief Justice Mr. Justice Muhammad Shafi Siddiqui(Author)

1/2022 Judicial Companies Misc. Nadeem Power Generation & Nadeem Textile Mills Ltd (Applicant) V/S Nadeem Textile Mills Ltd. (Respondent) Sindh High Court

Bench: Hon'ble Chief Justice Mr. Justice Muhammad Shafi Siddiqui(Author) Order Date: 12-DEC-22

A wise group of businessmen has taken a decision considering all its pros and corns. While taking such decision there are chances of success and failure but then while questioning such decision the bona fide is the real litmus test. A businessman takes decision foreseeing the future aspect. The Court could only see that all legal formalities have been fulfilled and that the scheme is neither unjust nor unfair or against the national interest but cannot challenge the wisdom of a decision of businessman as by doing that the Court would be overriding the wisdom of a businessman and their prerogative.

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1/2022 Judicial Companies Misc. Nadeem Power Generation & Nadeem Textile Mills Ltd (Applicant) V/S Nadeem Textile Mills Ltd. (Respondent)

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