REPLY TO ABOVE
Dear Sir’
With reference to your communication dated 16thNov,2023. I have to say that I have gathered some information from a relative of the firm’s manager who was recently discharged that the firm is being pressed for payment from several quarters’ and that the proprietors are unable to meet their liabilities at the moment. I understand they have lost heavily on the Lahore Stock Exchange and the firm is likely to go bankrupt.
Yours faithfully’
Travelling Agents Ltd.