“The email address for Mr Lihala used for service on MPT before HFW came on the Court record is the same email address that we have continued to use and to which you have already sent an email.”
“full right, power and entitlement to enter into this Settlement Agreement and to perform its terms without any reference to any other person…”
“Whether an entity exists as a matter of law must, in principle, depend upon the law of the country under which it was formed. That law will determine whether the entity has a separate legal existence. The law of that country will determine. The legal nature of the entity so created, e.g. whether the entity is a corporation or a partnership, and, if the latter, the legal incidents which attach to it. It is well established that a corporation duly created in a foreign country is to be recognised as a corporation in England, and accordingly foreign corporations can both sue and be sued in their corporate capacity in the courts. Whether a corporation has been dissolved must be determined by the law of its place of incorporation for “the will of the sovereign authority which created it can also destroy it”.” (2). On that basis Orexim has obtained the expert evidence of Mr Vishal Sheth regarding the status and capacity of MPT following its striking off the register of Companies. That evidence, in paragraph 6, states that: “…a company which is struck off from the register of companies in India pursuant to a notice issued undersection 245(5) of the 2013 Act , remains responsible for discharge of its obligations and liabilities and it retains legal personality for that limited purpose.” (3). Mr Sheth’s expert opinion is primarily based on his interpretation of the wording of sections 250 and 248(6) of the (Indian)Companies Act 2013 (“the 2013 Act”).Section 250 of the 2013 Act provides: “Where a company stands dissolved under section 248, it shall on and from the date mentioned in the notice under subsection (5) of that section cease to operate as a company and the Certificate of Incorporation issued to it shall be deemed to have been cancelled from such date except for thepurpose of… the payment or discharge of the liabilities or obligations ofthe company”
“The Registrar, before passing an order under sub-section (5), shall satisfy himself that sufficient provision has been made for the realisation of all amount due to the company and for the payment or discharge of its liabilities and obligations within a reasonable time and, if necessary, obtain necessary undertakings from the managing director or other persons in charge of the management of the company: Provided that notwithstanding the undertakings referred to in this subsection, the assets of the company shall be made available for the paymentor discharge of all its liabilities and obligations even after the date of theorder removing the name of the company from the register of companies.”