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ERIDANIA (SUISSE) SA versus RAJBY INTERNATIONAL (PVT.) LTD.


Sections 55, 3066 (a) and 4 314 (1) Termination of Company Failure to Repay Debt The conditional injunction seeker sought to terminate the Company on the basis that the Company had failed to pay its claim. This money is not withheld for any reason. Good dispute but plea for non-payment of due money was filed for the money entered and it was not filed to put pressure on the company. The company acknowledged the applicant's claim. And Section 305 (e) of the Company Ordinance 1984 gave a right to serve on a lender, the notice of the Company, to obtain an order covering the terms set out in Sections 306 and 314 of the Company Ordinance 1984 Thirty days later, the company was called by the company to pay for the suspension. Such negligence in paying it provided a scope for the company to contend, irrespective of the fact that the company was commercially acting arbitrarily under Section 314 (1) of the Compa? ? Ness Ordinance, 1984, directs company to pay non-disputed amount in four weeks and injures respondent company for non-payment

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