TRG Pakistan reviewing legal options after U.S. court denies injunction

July 03, 2026 (MLN): TRG Pakistan Limited (PSX: TRG) is reviewing its legal options, including filing an appeal, after the United States District Court for the Southern District of New York declined to grant the injunctive relief sought by the company and The Resource Group International Limited.

In a notice to the Pakistan Stock Exchange (PSX) on Friday, the company said the order, issued on July 1, 2026, refused its request to restrain certain litigation proceedings initiated in Pakistan by former CEO Zia Chishti against the company and its affiliates.

TRG Pakistan clarified that the order is limited to its request for injunctive relief and does not affect the court's earlier ruling dated May 12, 2026.

According to the company, that ruling held that claims by Mr. Chishti relating to actions taken before the January 10, 2022 Release Agreement had been permanently released and could not be pursued in any forum worldwide.

The company noted that the May 12 ruling remains in effect, although it has been appealed by Mr. Chishti before the Second Circuit Court of Appeals in New York.

TRG Pakistan said it is evaluating its legal options in light of the latest development, including appealing the July 1 order before the Second Circuit.

Copyright Mettis Link News