Court reinstates stay for K-Electric in damages case

MG News | December 26, 2025 at 09:29 AM GMT+05:00

0:00

December 26, 2025 (MLN): The District Court has suspended the operation of a civil court order dated December 2, 2025, in a damages and defamation suit filed by K-Electric Limited (KE), and has reinstated an earlier stay order in favour of the company.

In a disclosure to the Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP), KE said the suspension followed an appeal hearing held on December 19, 2025, against the impugned order in Civil Suit No. 111 of 2023 filed by the company against Syed Asad Ali Shah.

According to the disclosure, the appellate court restored the stay order until the next date of hearing, restraining the defendant from harassing K-Electric.

The restraint includes issuing letters or emails, using social media, making statements to third parties, or creating media pages to level allegations or malign KE and its officials.

KE said it had approached the District Court after being aggrieved by the civil court’s December 2 order.

Copyright Mettis Link News

Related News

VIS raises Sindh Modaraba entity rating to AA-

PSX Closing Bell: Slightly Off Key

Name	Price/Vol	%Chg/NChg
KSE100	171,993.26 150.87M	0.68% 1163.03
ALLSHR	103,416.71 317.91M	0.48% 494.33
KSE30	52,573.52 81.76M	0.77% 404.03
KMI30	244,317.25 39.29M	0.56% 1356.94
KMIALLSHR	67,044.35 120.94M	0.40% 263.94
BKTi	47,959.97 49.54M	1.11% 524.38
OGTi	33,542.42 2.06M	0.51% 168.81

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,370.00	90,115.00 87,355.00	1620.00 1.85%
BRENT CRUDE	62.22	62.49 62.17	-0.02 -0.03%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.30 1.51%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	0.45 0.48%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.37	58.59 58.31	0.02 0.03%
SUGAR #11 WORLD	15.30	15.34 15.16	0.10 0.66%