{"id":3646,"date":"2024-04-04T08:01:11","date_gmt":"2024-04-04T08:01:11","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=3646"},"modified":"2024-04-08T08:02:12","modified_gmt":"2024-04-08T08:02:12","slug":"mtl-clarifies-court-proceedings-for-tractor-price-issue","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/mtl-clarifies-court-proceedings-for-tractor-price-issue\/","title":{"rendered":"MTL clarifies court proceedings for tractor price issue"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>In a notification sent to PSX on 04\/04\/2024, Millat Tractors Limited (MTL) has announced that it responded to the Sindh High Court for clarification on the bar from selling 954 Tractors.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>A decision of the Sindh High Court issued on Tuesday, April 02, 2024, has been reported in the national<br>press titled MTL Barred from selling 954 tractors. As required under the Rule Book of Pakistan Stock<br>Exchange Limited (PSX), and Securities Act, 2015, Millat Tractors Limited (the \u201cCompany\u201d) hereby<br>conveys the following information:-<\/p>\n\n\n\n<p>Millat Tractors Limited fully abides by all applicable laws of the country in its dealings. The above<br>referred order has been issued against the earlier order of Sindh High Court (issued in suit no.652 of<br>2023 dated 28-02-2024 in which applications of the plaintiff were dismissed vide a short order made<br>in court upon culmination of the hearing on 28-02-2024. As per order of the court the Company had<br>already deposited an amount of Rs.1,194,026,400\/- with the Nazir of court being the price of 954<br>tractors (not delivered due to non-payment of price difference of Rs.148,400 per tractor by the<br>plaintiff ) paid by the plaintiff. Details of the order reported in the national press are not available with<br>the Company. The Company will exhaust all legal remedies available in the matter.<\/p>\n<\/blockquote>\n\n\n\n<p>The shares of MTL were last trading at <strong>Rs. 587.56<\/strong> today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTL has announced that it responded to the Sindh High Court for clarification on the bar from selling 954 Tractors.<\/p>\n","protected":false},"author":11,"featured_media":3647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152],"tags":[148],"class_list":["post-3646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-material-information","tag-mtl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/MTL-Material-Information-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/MTL-Material-Information-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/MTL-Material-Information-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/MTL-Material-Information.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/3646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=3646"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/3646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/3647"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=3646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=3646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=3646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}