Court dismisses TRG appeal against JS Bank
MG News | July 06, 2026 at 02:48 PM GMT+05:00
July 06, 2026 (MLN): The Honourable XIIth Additional District Judge/Model Civil Appellate Court, Karachi-South, has dismissed TRG Pakistan Limited's civil appeal against JS Bank Limited and other parties in a judgment dated July 1, 2026.
The court upheld its earlier order, which rejected TRG
Pakistan's plaint in the civil suit under Order VII Rule 11 of the Code of
Civil Procedure, 1908.
The case, titled "TRG Pakistan Limited & Others vs.
Jahangir Siddiqui and Co. Ltd. & Others," pertained to litigation
initiated by TRG Pakistan against JS Bank and other parties.
Previous disclosures on the matter include a PSX
announcement dated December 5, 2025, regarding the order of the Honourable VIth
Senior Civil Judge, Karachi-South, and a subsequent PSX disclosure by TRG on
December 15, 2025, regarding its filing of Civil Appeal No. 376/2025.
The verdict validates the Bank's position that the claims
brought against it were without legal merit, frivolous, and filed in bad faith.
The proceedings resulted in no adverse findings or
instructions against the Bank, its parent organization, or its leadership.
JS Bank remains committed to transparency and will continue
to keep stakeholders informed of matters affecting the Bank's interests and
reputation.
The aforementioned information was disseminated through a notification to
Exchange.
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