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HUMERA ABDUL AZIZ ESSA versus AL-ABBAS CEMENT INDUSTRIES LIMITED

Sections 305 and 314 (2) apply for termination of a company's share purchase agreement, whereby the buyer agrees to require the sponsor to repay the loan to the applicant seller within six months, and In case of non-payment, the applicant will be entitled to mark the non. Notwithstanding the issuance of a legal notice to the Company, the Company's refusal to pay the outstanding balance and the purchase of the controversial markup and the Company's failure to be bound by it, not to mention the explicit amount in such agreement. , Which was to be paid by the company, a clear dispute arose between the parties. No basis was given to calculate the amount claimed in such application in which the company had to pay the applicant. The company's order on which the evidence will be needed to determine the liability of the company was denied Cannot be exercised under section 305 of the Ennis. 1984 Company was not a signatory to such agreement, thus, Kufel was not responsible for paying / adjusting debt Company was financially one to continue to acquire shares of the rights purchased by the applicant. Good and capable of doing business. The applicant had applied to pressure the company to pay the claimed amount, the buyer had applied for an alternative arbitration remedy by way of arbitration, the applicant, who was, through the arbitration proceedings, The request to terminate the company was dismissed under the circumstances after its commitment. immigration advocates phone number from Warah lawyer