JUBILEE LIFE INSURANCE COMPANY LTD. vs FEDERAL INVESTIGATION AGENCY (FIA) through Director General, Islamabad

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JUBILEE LIFE INSURANCE COMPANY LTD. VS FEDERAL INVESTIGATION AGENCY (FIA) through Director General, Islamabad R. 5---Insurance Ordinance (XXXIX of 2000), Ss. 121, 122, 124 & 156---Securities and Exchange Commission of Pakistan Act (XLII of 1997), S. 20---Dispute between insurance company and insured persons---Inquiry and Investigation---Whether Federal Investigation Agency had jurisdiction in the matter---Petitioner/Insurance company assailed initiation of inquiry proceedings by Federal Investigation Agency ('FIA') on the complaints of respondents/insured persons, pertaining to dispute over insurance amount---Validity---Besides having numerous other functions, Securities and Exchange Commission of Pakistan is also a regulator of business of insurance companies---Securities and Exchange Commission of Pakistan had taken up the case of respondents/insured persons with petitioner/company and proceedings for settlement between the parties were in progress while respondents/insured persons were not agreeing to amount which were released to them---If there was any genuine dispute between parties it could be resolved before forums provided under Insurance Ordinance, 2000---Such dispute could not be made a base for proceedings under penal criminal laws---Provisions of Insurance Ordinance, 2000 are special law which has to prevail over general law---Special mechanism has been provided for dealing with offences for contravention of Insurance Ordinance, 2000---High Court quashed inquiry proceedings initiated by FIA as the same was uncalled for and without lawful authority--- Constitutional petition was allowed, in circumstances. Citation Name: 2025 PLD 71 PESHAWAR-HIGH-COURTBookmark this Case JUBILEE LIFE INSURANCE COMPANY LTD. VS FEDERAL INVESTIGATION AGENCY (FIA) through Director General, Islamabad R. 5---Inquiry and Investigation---Jurisdiction of Federal Investigating Agency ('FIA')---Scope---Powers of FIA regarding investigation are duly structured in Federal Investigation Agency (Inquiries and Investigations) Rules, 2002---Federal Investigation Agency can only inquire and investigate certain offences either committed in connection with matters concerning Federal Government or for matters connected therewith.

JUBILEE LIFE INSURANCE COMPANY LTD. vs FEDERAL INVESTIGATION AGENCY (FIA) through Director General, Islamabad R — 2025 PLD 71 PESHAWAR-HIGH-COURT

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