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METITO ARABIA INDUSTRIES LIMITED versus GAMMON (PAKISTAN) LIMITED


Ordinance 1984 Sections 305 and 306 of the Companies petition for the company to consolidate its debts in connection with the payment of its debts must the Company fail to serve any legal notice to the company against any such company's queries The only prerequisite was not whether there was a problem with it. Widespread controversy over the company's debt and whether the petition was requested to consider pressing the company to pay its debts should also be considered by the courts in the case of the passing of the passports. Was not to force the company to pay. Unpaid lenders but to prevent the actions of a company that has become a victim of a commercial location, the reluctance of the company to pay its debts will not mean inadequacy where the company is permanently indebted to its creditors. He was responsible only when payment failed. In the case of its lenders not injuring the injury where the lender's claim was dubious and where Company Y was disputing such claim completely, the lenders were not entitled to terminate the company in such circumstances. Where the decision of the court to execute or other proceedings in favor of the company's creditors was unsatisfactory, then the order to wrap up has to be approved. Lenders wishing to terminate a company on the basis of a foreign award must demonstrate that such award was legally binding and binding on the same company and the execution of such award was unsatisfactory. Further, the need for approval of the wrapping order is unfounded and h

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