HABIB CREDIT & EXCHANGE BANK LTD. versus HAMALIYA TEXTILES MILLS(PVT) LTD.
Company Law Section 306 Termination of Company Failure to pay its debts to the Company is only due to the fact that the Company had certain assets or fixed assets with no consequence while considering the question of whether the Company was able to pay its debts. Failed to make a payment or not. It was seen whether the company was in a position to fulfill its current obligations and obligations where, despite giving notice to the company, it failed to fulfill its obligations and the order passed by the banking court was dissatisfied. Under the section section 306, Companies Ordinance, 1984 1984 under the opinion that the company is unable to pay its debts.
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