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News Details

News Details

20/06/2019

The lawsuit filed by Kuwait Pipe Manufacturing Company against the company and others





The lawsuit filed by Kuwait Pipe Manufacturing Company against the company and others

Case number

:

Discrimination 886/2019 T / 1

Topic of the case

:

The scar of an expert to liquidate an account

Date of judgment

:

19/06/2019

The court that issued the judgment

:

The Chamber of Counsel of the Court of Cassation

The parties to the lawsuit

:

Kuwaiti Pipe Manufacturing Company against the Joint Contracting Group and the Undersecretary of the Ministry of Electricity and Water as the Gulf Bank

Referee in favor of

:

The Joint Group Contracting Company (KSC)

The first class judgment

:

Complying with the Joint Group Contracting Company for KD 2,280,172/ 325   and obliging the Kuwaiti Pipe Manufacturing Company and the Joint Contracting Company for expenses.

The sentence of the appeal

:

The cancellation of the ruling of the first degree and the elimination of the rejection of the lawsuit and compel the Kuwaiti company for the manufacture of pipes expenses and the amount KD 300 /- actual lawyer fees for the degrees of litigation

The ruling of discrimination

:

The non-acceptance of the appeal filed by the Kuwait Pipe Manufacturing Company before the (Advisory Chamber). The Plaintiff committed expenses and twenty dinars in exchange for legal fees with the confiscation of bail.

The expected impact on the Company as a result of the judgment

:

There is an approximate profit of KD 1,850,000 (one million eight hundred and fifty thousand Kuwaiti Dinars) will be recognized in the interim financial statements as at 30/06/2019