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TRANSOCEAN ASIA LTD. versus RICE EXPORT CORPORATION OF PAKISTAN

Rice from Plaintiff / Buyer Plaintiff / Seller Corporation pursuant to an agreement between the defendants / buyers and the defendants / sellers corporation for the breach of contract in terms of Sections 15, 16, 30, 33 and 42 of the Arbitration Act 1940 The plaintiffs / buyers were unable to purchase rice, defendant / seller corporation agreed to buy some of the criteria, there was a cancellation agreement between the parties and the forged advance payment which was made by the plaintiff / buyers to the defendant / seller corporation. The money was deposited as a matter, the matter was resolved to resolve the dispute between the parties. After hearing the arbitrator appointed by the consent of the parties, the parties have decided that the plaintiff / buyer is in breach of the contract, the defendant / seller corporation, under the terms of the agreement, retains Is entitled to confiscate the money to provoke the search for sole arbitration by the plaintiff / buyers, the forfeiture of the interest amount was legally allowed by the defendant / seller corporation that the award given by the arbitrator was the rule of the court Was made famous lower court advocate from Madinah lawyer