Lahore High Court disposes of winding up case against Service Fabrics

MG News | June 29, 2021 at 10:21 AM GMT+05:00

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June 29, 2021 (MLN): The Honorable Lahore High Court (LHC), in the hearing on Jun 28th, 2021, has disposed of the winding up the case against Service Fabrics Limited (SERF) after the receipt of no objection from SECP, to the shareholders' approved revival business plan, passed by the Company in its EGM, held on May 29th, 2021.

With the above disposal, the Company's corporate status and its potential as a viable economic agent stand restored. The Board of Directors is poised to undertake swift steps for the implementation of the revival business plan.

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