The court first considered the requirement to present certain documents. The meaning of the term “Director`s loan” was then elaborated. The starting point of the lordships was that the PBS aims to enable the Ministry of the Interior to process a large number of applications fairly and quickly by applying clear and objective criteria. These principles of company and insolvency law were very important, as it was never proposed that the conditions under which Mr. Sajjad lent his money to the company contain a regime of subordination. Although he expressed sympathy for Mr. Sajjad, his Lordship held that the position was not simply that he had simply failed to present a piece of paper, but that “the truth was that he had not provided the evidence necessary to qualify under the points system on the basis of significant content.” .

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