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EFU GENERAL INSURANCE LIMITED vs EXECUTIVE DIRECTOR, INSURANCE-SECP S — 2025 CLD 1621 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation
2025 CLD 1621 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year
2025
Reporter
CLD
Parties
EFU GENERAL INSURANCE LIMITED vs EXECUTIVE DIRECTOR, INSURANCE-SECP S
Provisions referred to
S. 33---I; S. 45---R; S. 45; Insurance Ordinance (XXXIX of 2000); Insurance Ordinance

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

EFU GENERAL INSURANCE LIMITED VS EXECUTIVE DIRECTOR, INSURANCE-SECP S. 33---Insurance Ordinance (XXXIX of 2000), S. 45---Review of order passed by the Appellate Bench Securities and Exchange Commission in appeal---Scope---Applicant (Insurance Company) sought review of the order passed by the Appellate Bench whereby penalty was imposed on account of non-compliance of S. 45 of the Insurance Ordinance, 2000---Applicant contended that the Bench had erred in imposing penalty on the applicant vide impugned order for the reason that survey reports were not available---Validity---Record revealed that matter regarding non-availability of the survey reports pertaining to the inspected claims had already been determined vide impugned order, thus contention of the applicant was not tenable---Applicant failed to highlight any legal or factual error discernable on the surface of the impugned order---Review Application was dismissed.

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