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UNITED INSURANCE COMPANY OF PAKISTAN LIMITED vs The DIRECTOR/HOD, ADJUDICATION-I, ADJUDICATION DIVISION, SECP, ISLAMABAD S — 2025 CLD 288 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation
2025 CLD 288 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year
2025
Reporter
CLD
Parties
UNITED INSURANCE COMPANY OF PAKISTAN LIMITED vs The DIRECTOR/HOD, ADJUDICATION-I, ADJUDICATION DIVISION, SECP, ISLAMABAD S
Provisions referred to
S. 24-

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

UNITED INSURANCE COMPANY OF PAKISTAN LIMITED VS The DIRECTOR/HOD, ADJUDICATION-I, ADJUDICATION DIVISION, SECP, ISLAMABAD S. 24-a---Takaful Rules, 2012, Rr. 10(1)(k) & 20(1)---Non-speaking order ---Scope---argument of the appellant (Insurance Company), being authorized to undertake life insurance business and to carry on Window Takaful Operations /WTO) was that the Impugned Order was a non-speaking order---Validity---Rules 10(1)(k) and 20(1) of Takaful Rules were explicit and violations of said Rules were adequately explained by the Respondent / Commission---Thus, plea of the appellant was without any substance---appellate Bench found no reason to interfere in the merits of the impugned order----appeal was dismissed.

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