KCC 1199/2013
This case involved right to sell shares. A contract detailed the point at which the shares could be sold and they were sold before a notice from the Central Bank preventing sales of shares.
Background
The documents of the case revealed that the court had dismissed the case.
Decision
The court said that the court established its ruling on the grounds that the contract signed between the appellant and the company stipulated that the latter had the right to to liquidate the appellant's assets if the market value of the shares decreased by 150% of the total granted credits. The court said that the documents of the case revealed that the company had sold the shares according to the signed contract. The court said the company sold the shares before the notice issued by the Central Bank that prevented the sale of the shares. The court said that the court therefore established its ruling on the grounds of solid evidence.
The court dismissed the appeal.