What Do You Know About The Standstill Agreement Class 9

The agreement is particularly relevant because the bidder would have access to the confidential financial information of the entity concerned. After receiving the commitment of the potential purchaser, the target entity has more time to set up additional defence facilities for the acquisition. In some situations, the target entity agrees to repurchase shares of the target with a premium in return for the potential purchaser. Prior to their accession to the new territories, a status quo agreement was negotiated between India and Densern and the princely states of the British Indian Empire. It was a bilateral form of the agreement. Pakistani Governor General Mohammad Ali Jinnah sent his private secretary Khurshid Hasan Khurshid to Srinagar to assure the Maharajah of signing an instrument of accession to Pakistan. “His Majesty has been told that he is a sovereign who alone has the power to give membership; He does not need to consult; that he should not take care of Sheikh Abdullah or the National Conference… Jinnah`s letter, delivered by Khurshid to the Maharajah, said. In banking, a status quo agreement between a lender and a borrower terminates the contractual repayment plan of a struggling borrower and imposes certain steps that the borrower must take. According to historian Rajmohan Gandhi: “Vallabhbhai (Patel) lukewarm over Kashmir had lasted until September 13, 1947. In a letter to Baldev Singh, India`s prime minister of defence, Patel had hinted in the morning that “if (the Kashmir) decided to join the other Dominion,” he would accept the fact.

The draft status quo agreement was drawn up on 3 June 1947 by the political department of the British-Indian government. The agreement provided that all administrative agreements of “common interest” between the British Crown and a particular signatory state would be kept unchanged between the signatory regime (India or Pakistan) and the State until new agreements are concluded. A separate timetable set out issues of common interest. During the discussion, Jawaharlal Nehru, India`s future prime minister, expressed doubts about whether the agreement should cover only “administrative” issues. Mohammad Ali Jinnah, the future Governor General of Pakistan, spoke in his favour. [2] On 15 August, the State of Junagadh implemented the accession instrument and the status quo agreement with Pakistan. It was adopted by Pakistan on 13 September. [5] Junagadh was the only state to declare membership in Pakistan until 15 August. [6] In early October, the Maharajah complained to the Pakistani Ministry of Foreign Affairs about the infiltration of tribal people hundreds of kilometres inside the border in the Jammu region.

Pakistan denied the accusations, but referred to “the terror and atrocities committed by the J-K troops against the Muslim population of Poonch” – atrocities that, as it suggested, provoked “spontaneous reactions within both J-K and ethnic and religious relatives across the border.”

This entry was posted in Uncategorized. Bookmark the permalink. Comments are closed, but you can leave a trackback: Trackback URL.