INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN versus SARELA CEMENT LIMITED COMPANY
Companies Ordinance 1984 Section 306 Failure to take on the responsibility of the company when the lenders have to send a notice to the company through section 306, a post registered under the Companies Ordinance, or otherwise to the company's registered office. Within thirty days after receipt of notice to pay the borrower's due diligence or to obtain such sum, it will be presumed that the company fails to discharge its liability.
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