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IN THE MATTER OF: MESSRS METROPOLITAN STEEL CORPORATION LIMITED versus IN THE MATTER OF: MESSRS METROPOLITAN STEEL CORPORATION LIMITED

Company's failure to pay timely payments to employees of Sections 227 and 472 relevant The Company's provident fund trust accounts for the relevant year had disclosed that sufficient funds were still payable to the employees, but the amount owed by the company Did not pay for The balance of the fund and the company stated that the failure violated the provisions of section 227 of the Companies Ordinance 1984, in response to the notice that the new administration, which took charge of the consortium of banks, restored the company. I am busy Which discontinued its operations due to the disconnection of electricity, gas and water, and to regulate the payment of the accumulated contribution of the Provident Fund and the payment of the same notice to the companies under the provisions of section 472 of the Ordinance 1984. The chief executive was released. Make the default amount in the Provident Fund payment by paying the entire outstanding balance, but on the specified date for hearing the matter, the company representative has reaffirmed that the company is in favor of the company's liquidity position. The fund is ready to refund the balance in seven monthly installments. Such actions on the part of the company indicated that it was ordered, in the first case, to eliminate irregularities and to comply with the law. It was reported that the company will submit a report in seven equal installments to refund the fund in full, according to the company N will be presented. Day of each month with proof of installment payment \ r \ n \ r \ n best law firms from Mardan lawyer