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Sardar SHAHBAZ ALI KHAN KHOSA vs COMMISSIONER SUPERVISION DIVISION, SECP Chapt — 2024 CLD 660 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation
2024 CLD 660 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year
2024
Reporter
CLD
Parties
Sardar SHAHBAZ ALI KHAN KHOSA vs COMMISSIONER SUPERVISION DIVISION, SECP Chapt
Provisions referred to
S. 7---S; Securities Act (III of 2015); Pakistan Act (XLII of 1997)

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

Sardar SHAHBAZ ALI KHAN KHOSA VS COMMISSIONER SUPERVISION DIVISION, SECP Chapt. 18---Securities Act (III of 2015), S. 7---Securities and Exchange Commission of Pakistan Act (XLII of 1997), Ss. 20 & 33---Dispute between a securities broker and its client, resolution of---Arbitration proceedings---Scope---Client alleged that illegal/unlawful trades/transactions were made in his Trading Account maintained with the security broker---Commissioner Supervision Division, Securities and Exchange Commission of Pakistan, directed the parties to approach Pakistan Stock Exchange ( PSX) to resolve their dispute through arbitration---Appellant/client impugned said order passed by the Securities and Exchange Commission of Pakistan---Validity---Contention of the appellant was that during the arbitration proceedings, respondent had submitted fictitious documents---Validity--Presentation of any fake or fabricated document during the arbitration proceedings, generally, does not vitiate the proceedings, rather the arbitrator has the authority to determine through appropriate procedures whether the documents submitted by either party are real or fictitious---No reason had been noticed for interference with the merits of the impugned order passed by the Commissioner Supervision Division Securities and Exchange Commission of Pakistan---Appeal filed by the client was dismissed, in circumstances.

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