Registrar admits oversight that inadvertently disadvantaged HASCOL in $9.5m Mena Energy case

November 07, 2025 (MLN): The long-dormant $9.5 million dispute between Hascol Petroleum Limited (PSX: HASCOL) and UAE-based Mena Energy DMCC has resurfaced after nearly eight years, following an administrative lapse in the Sindh High Court’s execution branch that triggered fresh proceedings under High Court Appeal No. 116 of 2025.

According to court documents, the issue arose when a notice dated October 29, 2025, related to Execution No. 51/2019, was inadvertently signed by the Additional Registrar (Original Side) after being mixed up with routine correspondence.

The execution matter, originally tied to a 2021 attachment order against Hascol’s assets, should have been transferred to the competent District Court after revisions to the High Court’s pecuniary jurisdiction.

In a formal clarification, the Additional Registrar’s office explained:

“The Hon’ble Court vide its order dated 27.10.2025 had directed the Nazir to approach the office of the Additional Registrar in respect of certain compliance to be made in Execution No. 51/2019.

The said order was placed before the undersigned by Mr. Faheem, focal person in the office of Additional Registrar. The undersigned marked the order to Mr. Faheem and Mr. Kashan for compliance. However, inadvertently Mr. Faheem placed the notice dated 29.10.2025 with other Daak for signatures.

Due to rush of work, the undersigned in routine flow and trust signed the entire Daak including such notice.

”The clarification added that the notice was not within the Registrar’s authority and was not issued under any court directive, leading to the filing of High Court Appeal No. 116 of 2025. The staff involved have been asked to explain their position within three days, failing which **departmental action may follow.

Implications and Next Steps

While the financial exposure remains limited, the development comes at a sensitive juncture for Hascol, as the company nears completion of an extensive restructuring process with its banking syndicate and other creditors, culminating months of sustained effort aimed at restoring financial stability and long-term viability.

The Sindh High Court is now expected to hear the appeal to determine the next steps, including withdrawal of the unauthorized notice and transfer of the case record to the relevant District Court for continuation of proceedings.

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