SHC suspends warrants against TRG Pakistan directors

February 23, 2023 (MLN): The Sindh High Court (SHC) has suspended the operation of bailable warrants issued by the District and Sessions Court in Karachi against several individuals, including certain directors of TRG Pakistan Limited, the company’s filing on PSX showed today.

 The individuals had filed legal applications, claiming that the warrants suffered from illegalities, infirmities, and jurisdictional errors.

The individuals also pointed to recent developments in the United States House Judiciary Committee, where the testimony of Ms. Tatiana Spottiswoode against Mr. Zia Chishti was made public. The testimony was widely publicized in international media and led to Mr. Chishti's resignation from all his positions at the Company and its associates. The Committee also released an arbitration award against Mr. Chishti on its website.

Taking these developments into account, the Sindh High Court suspended the operation of the bailable warrants for the time being. The Court did not make a final decision on the matter, but the suspension of the warrants indicates that the Court found merit in the legal applications filed by the individuals.

The case has attracted significant attention in Pakistan, as TRG Pakistan Limited is a prominent company in the country's technology sector.

The developments in the United States House Judiciary Committee have added further complexity to the case, highlighting the global reach of corporate disputes and legal proceedings. The case is likely to continue to generate interest and scrutiny in the coming weeks and months.

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