trg News
TRG Pakistan reviewing legal options after U.S. court denies injunction
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.
Go to article TRG Saga: US Court Hands Victory to Zia Chishti
TRG Pakistan Limited's (PSX: TRG) former CEO Zia Chishti has won the latest round in his protracted legal battle with the company, after the US District Court for the Southern District of New York (SDNY) denied a motion by The Resource Group International Limited (TRGI) and its affiliates to enjoin litigation he has pursued in Pakistan.
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US Court orders asset turnover against TRG Pakistan's ex-CEO
TRG Pakistan Limited (PSX:TRG) has been informed that a US federal court in the Southern District of New York has issued a turnover order against Zia Chishti, former CEO of the company, in an enforcement proceeding relating to the recovery of a $9.1 million arbitration award in favour of The Resource Group International Limited (TRGI).
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TRG: Proving Grounds
Supreme Court of Pakistan has handed a landmark victory to Mr. Ziaullah Khan Chishti, the founder and former CEO of TRG Pakistan Limited (TRG), and the company’s local shareholders, by dismissing appeals that sought to reverse a Sindh High Court’s judgment that deemed acquisition of a 30% stake in the PSX-listed technology company as both fraudulent and oppressive to minority shareholders.
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