Al Wakeelo
Your Digital Lawyer, Always on Duty
Initializing Secure Chambers
Your Digital Lawyer, Always on Duty
Initializing Secure Chambers
Petitioner: SINDH INDUSTRIAL TRADING ESTATES LIMITED VS Respondent: JOINT REGISTRAR OF COMPANIES, CCD, SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Court Name: Securities and Exchange Commission of Pakistan Judge(s): Farrukh H. Sabzwari, Aamir Khan Title:SINDH INDUSTRIAL TRADING ESTATES LIMITED vs JOINT REGISTRAR OF
COMPANIES, CCD, SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Case No.: Appeal No. 8 of 2019 Date of Judgment:2019-06-18 Reported As: 2021 P C T L R 250, 2019 CLD 1358 Result: Appeal dismissed Judgment ORDER 1. This Order is passed in Appeal No. 8 of 2019 filed under section 33 of the Securities and Exchange Commission of Pakistan Act, 1997 (SECP Act) against the Order/Letter dated 01/02/16 (Impug ned Order/Letter) passed by the Joint Registrar of Companies, Corporatization and Compliance Department (Respondent). 2. The brief facts of the case are that the Respondent vide the Impugned Order/Let ter conveyed the decision of the competent authority whereby Sindh Industrial Trading Estates Limited (Appellant) licence under section 42(4) of the Companies Ordinance, 1984 was revoked. The Appellant has preferred this Appeal after the expiry of thirty days limitation period provided under section 33 of the SECP Act, therefore, the Appeal was accompanied by an application for condonation of delay (the Application). 3. The Appellate Bench (the Bench) had asked the Appellant's counsel (the Counsel) to argue the Application because the Appeal has been filed with a delay of three years. The Counsel argued the Application, however , failed to provide any plausible reason of delay . After hearing, we have received Appellant's request vide a letter dated May 27, 2019, to withdraw the instant Appeal. In view of the above, we hereby dismiss this Appeal as withdrawn.