672/2022 Suit M/S. MULTIX INTERNATIONAL CORPORATION (Plaintiff) V/S KARACHI MUNICIPAL CORPORATION (Defendant)
Bench: Hon'ble Chief Justice Mr. Justice Muhammad Shafi Siddiqui(Author)
672/2022 Suit M/S. MULTIX INTERNATIONAL CORPORATION (Plaintiff) V/S KARACHI MUNICIPAL CORPORATION (Defendant) Sindh High Court
Bench: Hon'ble Chief Justice Mr. Justice Muhammad Shafi Siddiqui(Author) Order Date: 19-OCT-22
Word "Irrevocability" is not connected or articulated anywhere except Clause 1 i.e. for first 15 years only. There is no clause of investment after 15 years which may give continuity to irrevocability for any other period than described in the first clause and defendant has to hand over every structure, whether built by plaintiff or plaintiff occupied an already constructed area and that is it. Now at the end of this period the plea of investment cannot come into play since 15 years were consumed by plaintiff which is a huge period for recovery of such investment, if made, which in any case not the responsibility of defendant, as understood from plain reading of agreement. This has to be kept in mind while reading clause 38 that it is not a grant in perpetuity; only if parties to contract agree, it may be extended.