Need legal advice
I need advice from Pakistani corporate/civil lawyers regarding a soured short-term rental business investment under an Investment Agreement executed in the Rawalpindi/Islamabad area. I invested a lump sum amount for a 50% equity stake in an apartment. The operators took my capital to finish, furnish, and acquire the lease. Verbally, when the contract was signed, they told me it would take 21 days to fully furnish the place and get it running. However, their own written contract contains a massive contradiction: it explicitly states, *"The apartment is ready and operational because payments were made in advance"*.
Since signing over four months ago, the operators delay everything. They repeatedly tell me, "we'll meet, we'll meet, we'll meet," but they never actually meet. I have basic transparency issues I have not been shown the lease, the exact apartment number, photos, videos, or the baseline cost sheet. Every single day they delay with "tomorrow we will sort it out." In the agreement, they are contractually mandated to provide a monthly closing, profit/loss statement, and expense breakdown between the 10th and 15th of every single month. Furthermore, the contract explicitly defines a material breach as a failure to provide the net profit share for three consecutive months. We are now past the four-month mark, and I have received absolutely zero financial reporting or payouts.
The contract contains a strict 12 month lock in period stating I cannot exit. But given that they explicitly declared the unit "ready and operational" on day one in writing, and have now hit the 3 month consecutive failure threshold, could I successfully argue in court or binding arbitration (which the contract requires under the Arbitration Act, 1940) that they are in material breach, thereby voiding the lock in period and allowing me to demand a full refund? How heavily will a Pakistani court or arbitrator weigh their own written "ready and operational" admission against their verbal excuses that the setup was simply delayed? Could I win this in court despite their verbal 21-day buffer claim?