MESSRS EVA HORNBY & COMPANY vs ORIENTAL MUTUAL LIFE ASSURANCE Ca. — 1972 PLD 795

Citation: 1972 PLD 795

Court: Lahore High Court

Year: 1971

Decision Date: 1971-12-31

Parties: MESSRS EVA HORNBY & COMPANY vs ORIENTAL MUTUAL LIFE ASSURANCE Ca. JUDGMENT

Headnotes

Case cited as PLD 1972 Lahore 795

Judgment Text

Court Name: Lahore High Court Judge(s): Maulvi Mushtaq Hussain Title:MESSRS EVA HORNBY & COMPANY vs ORIENTAL MUTUAL LIFE ASSURANCE Ca. JUDGMENT Reported As: PLD 1972 Lahore 795 Result: A. Judgment JUDGMENT Messrs Eva Hornby & Company is a firm of Chartered Accountants. On 28-8-68, they were appointed statutory Auditors of Messrs Oriental Mutual Life Assurance Company Limited-- respondent, at a remuneration of Rs. 1,750 payable in lump sum. This appointment was renewed for the year 1969 on 8-6-1969 and the remuneration was raised to Rs. 2,000. In addition, the petitioner- company was appointed Internal Auditor of the respondent at a remuneration of Rs. 5,000. Their term was extended for the year 1970 on 26-6-1970 and the remuneration was raised from Rs. 2,000 to Rs. 2,500. 2. The respondent-company let out aportion of their premise to the petitioner-company for their office at the rate of Rs. 300 per month. The petitioner-company claims that it did not pay any rent from 1-1-1970 to 1-1-1971 because the respondent-company was in arrears regarding the fee-bills presented by the petitioner to the respondent and the former, therefore, wrote to the latter that the rent may be deducted from the fee due to the Company. When the amount claimed to be due as fees by the petitioner-company became equal to the amount of the rent of the premises due from the petitioner to the respondent, the petitioner sent a cheque of Rs. 200 and later another cheque of Rs. 1,100 to the respondent…

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