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BCCI versus HAMALIYA TEXTILE MILLS (PVT.) LTD.

Ordinance 1984 Sections 305, 306 and 316 of the Companies constituted the Company, which had borrowed from the Bank for expansion and modernization of its business, which had become a debtor under the terms of the agreement between the parties. Demand for termination was made, but the company failed to comply with the legal notice for debt payment, in the fact that the company did not dispute or deny its obligation to pay the debt and various bank documents Claimed to have full support from, the borrower company has failed to repay the loan. Wow. The fact that the company could not be injured, being more than a liability to the assets of the company, was overturned on the fact that the company owned some of the defaulted assets, there was no consequence when Considering the question of whether the company fails to pay itself or whether the borrower fails to do so, despite the notice served to discharge its obligations, it should be understood that the company is unable to pay. Its loan court allowed the lending bank's application, ordered the company to be terminated and appointed a government liquidator registration advocate from Garh Maharaja lawyer