Al Wakeelo
Your Digital Lawyer, Always on Duty
Initializing Secure Chambers
Your Digital Lawyer, Always on Duty
Initializing Secure Chambers
Petitioner: Dawood Family Takaful Limited VS Respondent: Commissioner Insurance, Securities and Exchange Commission of Pakistan
Court Name: Securities and Exchange Commission of Pakistan Judge(s): Mujtaba Ahmad Lodhi, Akif Saeed Title:Dawood Family Takaful Limited vs Commissioner Insurance, Securities and
Exchange Commission of Pakistan Case No.: Appeal No.105 of 2017 Date of Judgment:2024-03-20 Reported As: 2024 CLD 882 Result: Appeal dismissed Judgment
ORDER This Order shall dispose of Appeal No. 105 of 2017 filed by M/s. Dawood Family Takaful (the "Appellant"), under section 33 of the Securities and Exchange Commission of Pakistan Act, 1997. 2. At the outset, Counsel for the Appellant submitted that the instant Appeal has become infructuous for the reason that one of the proposed directors i.e. Mr. Rafique Dawood passed away on August 19, 2022, whereas approval for appointment of the other proposed director i.e. Mr. Ayaz Dawood as director of the Appellant has already been granted by the competent authority, and thus he wishes to withdraw the instant Appeal. 3. In view of the above statement of the Counsel for the Appellant, the instant Appeal is hereby dismissed as withdrawn.