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SANA INDUSTRIES LIMITED versus GOVERNMENT OF PAKISTAN

Section 3 and Scheduled Workers \ Participation Fund 5% of the company's profits for the financial year 1 10 1991 to 30 9 1992 were paid in such fund by such fund company till its payment in the year 1 16 1993 The same profit from 1991 was paid on 16 in 1993. The plea is that such interest will not be payable during the nine-month grace period after the end of the financial year, on the first day of the next financial year, ie, the fund was allocated on 1 10 1992. There was no legal nexus between such an additional period and the company's obligation to pay interest on the payment for the delay. Act, interest in such fund will be accrued after the following year and the following year following the year in which the scheme will be applied to the company. Such scheme shall be applied to the company on 1992-192. Was obliged to pay. Claimed interest \ r \ n

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