TRG Pakistan directors get temporary relief from defamation proceedings

News Image

MG News | March 24, 2023 at 09:12 AM GMT+05:00

0:00

March 24, 2023 (MLN): The High Court of Sindh (SHC) has temporarily halted all defamation-related proceedings against various individuals, including certain directors of TRG Pakistan Limited (TRG), the company's filing on PSX revealed today. 

These proceedings had been initiated by the former CEO of the Company at the District and Sessions Court (trial court) in Karachi.

This development came in the wake of our previous disclosure on February 23, 2023, which reported that the company's directors had lodged appropriate legal applications in SHC to challenge, among other things, the issuance of bailable warrants by the trial court.

The directors had claimed that the proceedings were riddled with illegalities, infirmities, and jurisdictional errors, and the SHC had responded by issuing an order on February 22, 2023, suspending the issuance of bailable warrants, at least for the time being.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 155,384.51
274.67M
0.61%
944.82
ALLSHR 95,133.57
856.28M
0.49%
465.41
KSE30 47,466.99
137.10M
0.74%
347.09
KMI30 227,645.22
99.71M
0.67%
1519.50
KMIALLSHR 63,888.06
353.11M
0.50%
319.01
BKTi 41,761.78
72.20M
0.33%
138.95
OGTi 31,619.14
7.57M
0.41%
130.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,220.00 117,240.00
114,940.00
-2045.00
-1.74%
BRENT CRUDE 67.14 67.52
66.78
0.15
0.22%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-1.20
-1.41%
ROTTERDAM COAL MONTHLY 93.00 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.90 63.24
62.52
0.21
0.34%
SUGAR #11 WORLD 15.90 15.98
15.80
0.11
0.70%

Chart of the Day


Latest News
September 15, 2025 at 05:53 PM GMT+05:00

Gold price in Pakistan remain unchanged


September 15, 2025 at 05:47 PM GMT+05:00

PIBTL swings to loss in FY25


September 15, 2025 at 05:30 PM GMT+05:00

KAPCO reports significant profit decline in FY25



Top 5 things to watch in this week

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