Huawei files petition against Warid for $100m liabilities
Thursday, 21 October 2010
"Huawei International Pte Limited and Huawei Technologies Pakistan Pvt Limited recently instituted three petitions in the Lahore High Court, Rawalpindi Bench, for the winding up of Warid Telecom (Pvt.) Ltd, said Pro Pakistani, a telecom and IT news portal of Pakistan.
The petitions have been filed only after repeated assurances by Warid that the outstanding and admitted liabilities would be repaid", said a statement issued by Huawei Middle East.
Press statement, signed by Fatima Beckmann of Huawei Middle East, said as interim measures company sought stay orders against Warid from disposing off its assets and the transfer of shares. It claimed that the court has granted stay orders. Statement said that court has also directed Warid to submit its monthly statement of income and expenses. Huawei claims that it is seeking from the court the appointment of a provisional manager while the petitions are pending.
The petitions have been filed only after repeated assurances by Warid that the outstanding and admitted liabilities would be repaid", said a statement issued by Huawei Middle East.
Press statement, signed by Fatima Beckmann of Huawei Middle East, said as interim measures company sought stay orders against Warid from disposing off its assets and the transfer of shares. It claimed that the court has granted stay orders. Statement said that court has also directed Warid to submit its monthly statement of income and expenses. Huawei claims that it is seeking from the court the appointment of a provisional manager while the petitions are pending.