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 164,444.72
1,390.47M
-0.75%
-1241.66
ALLSHR 100,263.22
3,076.68M
-0.52%
-522.58
KSE30 50,467.16
136.66M
-0.90%
-456.01
KMI30 239,381.13
102.98M
-0.94%
-2269.59
KMIALLSHR 66,143.45
1,531.56M
-0.67%
-449.11
BKTi 46,609.98
59.41M
-0.86%
-404.53
OGTi 32,245.33
12.94M
-0.42%
-134.82
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,225.00 112,280.00
107,825.00
-3325.00
-2.98%
BRENT CRUDE 61.07 62.75
60.84
-0.84
-1.36%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-0.75
-0.92%
ROTTERDAM COAL MONTHLY 93.00 93.00
92.50
1.95
2.14%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.48 59.11
57.26
-0.79
-1.36%
SUGAR #11 WORLD 15.85 15.87
15.58
0.16
1.02%

Chart of the Day


Latest News
October 16, 2025 at 05:20 PM GMT+05:00

CMPak, Huawei roll out high-power network upgrade


October 16, 2025 at 05:11 PM GMT+05:00

SBP reserves rise to $14.44bn in a week


October 16, 2025 at 05:11 PM GMT+05:00

CCP hosts lecture on economic equality


October 16, 2025 at 05:03 PM GMT+05:00

SECP commits to strengthening Takaful industry framework



Top 5 things to watch in this week

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