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PAKISTAN INDUSTRIAL CREDIT AND INVESTMENT CORPORATION LIMITED (PICIC) versus WASEEM BEVERAGES LIMITED

The Companies Ordinance 1984 Sections 305 and 306 were filed on the basis of the company being unable to pay its debts and the business was suspended for three years, filed through its financing. The company that provided the company financing, despite many opportunities to file a written statement to the company, was not filed. The company's defense was terminated and the matter was moved forward. Was not denied by the companies in response to the notice under section 306 of the Companies Ordinance 1984, and the record However, the company was unable to pay its debts and suspend the project for more than 2 years. For 3 years, it was enough to conclude that the company's replacement level had collapsed; the company was essentially injured in the situation. female advocates from Hattian lawyer