Zenon Petroleum and Gas Limited yesterday said it never published the particulars of its suit against Prudent Energy & Services Limited in adherence with the rules of the court.
The company had added that the subject of Zenon’s winding-up petition and its entitlement to any sum from PESL was being contested through a High Court suit commenced the company to prevent Zenon from enforcing the corporate guarantee until the arbitral award had been delivered. “It is left to the High Court or the arbitral tribunal to determine whether the deferred payment was to meet contingent payment or otherwise as asserted by Prudent Energy.
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