PAK LAW GPT — Pakistan Case Law AI justice scale emblemPAK LAW GPTCase law · Urdu & English

HASEEB WAQAS SUGAR MILLS LIMITED vs HEAD OF DEPARTMENT/ED-CSD, CLD, SECP S — 2025 CLD 1453 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation
2025 CLD 1453 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year
2025
Reporter
CLD
Parties
HASEEB WAQAS SUGAR MILLS LIMITED vs HEAD OF DEPARTMENT/ED-CSD, CLD, SECP S
Provisions referred to
S. 257---S; S. 33---I; S. 257; Pakistan Act (XLII of 1997); Companies Act

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

HASEEB WAQAS SUGAR MILLS LIMITED VS HEAD OF DEPARTMENT/ED-CSD, CLD, SECP S.257---Securities and Exchange Commission of Pakistan Act (XLII of 1997), S. 33---Investigating order passed under S.257 of the Companies Act, 2017, challenging of---Appeal before the Securities and Exchange Commission of Pakistan (SECP)---Maintainability---An investigation order under S.257 of the Companies Act, 2017 was passed by the HOD, Corporate Supervision Department-Securities and Exchange Commission of Pakistan, against the Company---Appellant, after invoking constitutional jurisdiction of the High Court twice, approached the Appellate Bench, however, was confronted with question of maintainability vide a letter sent by the Registrar-SECP---Contention of the Appellant was that the question of maintainability of the appeal (before the SECP) had already been determined by the High Court---Validity---Record revealed that in said order passed by the High Court in its constitutional jurisdiction, letter of Registrar-SECP was challenged by the Appellant, wherein order was passed that the matter (of maintainability) be placed before the appellate Bench for decision in accordance with law---Thus, the contention of the Appellant was not tenable---Appeal filed by the Company, being not maintainable, was dismissed.

Other judgments reported in 2025 CLD

Back to the case-law library · Search Pakistani case law in Urdu or English