https://www.taxtmi.com/caselaws?id=96552 The appeal challenged an injunction restraining an appellant company from exporting salt from Egypt. The court allowed the appeal, dissolving the injunction. The memorandum of association did not expressly prohibit salt export, and antecedent agreements did not restrict this activity after the salt monopoly was terminated. The court emphasized interpreting the memorandum based on its language, allowing the company to engage in salt export. The judgment favored a reasonable interpretation of the memorandum, rejecting a prohibition inferred from past agreements. The appellant company was granted permission to export salt from Egypt, with costs awarded in their favor. en-us Tue, 21 Apr 1931 00:00:00 +0530 Mon, 09 Jan 2012 12:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96552 The appeal challenged an injunction restraining an appellant company from exporting salt from Egypt. The court allowed the appeal, dissolving the injunction. The memorandum of association did not expressly prohibit salt export, and antecedent agreements did not restrict this activity after the salt monopoly was terminated. The court emphasized interpreting the memorandum based on its language, allowing the company to engage in salt export. The judgment favored a reasonable interpretation of the memorandum, rejecting a prohibition inferred from past agreements. The appellant company was granted permission to export salt from Egypt, with costs awarded in their favor. Case-Laws Companies Law Tue, 21 Apr 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96552