SHC retracts erroneous notice in Hascol–Mena Energy case

News Image

MG News | November 11, 2025 at 03:00 PM GMT+05:00

0:00

November 11, 2025 (MLN): The Sindh High Court (SHC) has issued a corrigendum acknowledging that a prohibitory notice related to the Mena Energy DMCC vs Hascol Petroleum Limited case was inadvertently issued under the signature of the Additional Registrar, though it was meant to be issued by the competent court.

The corrigendum, dated November 10, 2025, clarifies that the earlier communication, dated October 29, 2025, had no legal effect and should be treated as cancelled. 

The oversight was admitted in a formal notice addressed to multiple commercial banks, including National Bank of Pakistan, Habib Bank, Faysal Bank, and others.

The correction follows last week’s development, where the Registrar’s Office of the SHC admitted an administrative error that had inadvertently disadvantaged Hascol Petroleum Limited in the ongoing $95 million case filed by Mena Energy DMCC.

In the new corrigendum, the Registrar’s Office expressed regret over the inadvertence, confirming that the previous notice was “supposed to be issued by the competent court, and not by this office.”

The High Court’s clarification effectively nullifies the earlier prohibitory notice that had temporarily impacted Hascol’s standing in the execution proceedings.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 182,569.82
444.26M
-0.75%
-1381.69
ALLSHR 109,674.48
1,031.36M
-0.66%
-729.71
KSE30 56,029.54
202.34M
-0.74%
-415.17
KMI30 256,029.67
178.30M
-0.34%
-870.00
KMIALLSHR 69,991.25
493.09M
-0.31%
-220.44
BKTi 53,548.03
54.69M
-1.27%
-688.00
OGTi 36,594.61
41.89M
1.73%
620.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 97,865.00 98,200.00
94,790.00
3150.00
3.33%
BRENT CRUDE 64.64 66.82
64.36
-0.83
-1.27%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-1.90
-2.14%
ROTTERDAM COAL MONTHLY 98.45 98.45
97.50
0.40
0.41%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 60.25 62.36
59.95
-0.90
-1.47%
SUGAR #11 WORLD 14.64 14.98
14.63
-0.25
-1.68%

Chart of the Day


Latest News
January 14, 2026 at 09:38 PM GMT+05:00

SBP raises Rs546bn in PIB auction


January 14, 2026 at 05:53 PM GMT+05:00

Can AI’s $18tr moat really remain indestructible?


January 14, 2026 at 05:05 PM GMT+05:00

Pakistan’s coastal island project to spark tourism wave



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg