| Case ID |
2543392c-2d58-431d-ac19-8d18316dea19 |
| Body |
View case body. Login to View |
| Case Number |
Civil Original No. 227628 of 2018 |
| Decision Date |
Mar 16, 2022 |
| Hearing Date |
Mar 16, 2022 |
| Decision |
The Lahore High Court, presided over by Justice Jawad Hassan, addressed the case of Abdullah Khan Usmani against the Securities and Exchange Commission of Pakistan and several other respondents. The hearing took place on March 16, 2022, where multiple advocates represented the petitioners and respondents. The court's decision will significantly impact the involved parties and set a precedent for future cases related to regulatory compliance by the SECP. The proceedings emphasized the importance of legal representation and the role of the judiciary in upholding the law. |
| Summary |
The case of Abdullah Khan Usmani vs. Securities and Exchange Commission of Pakistan, adjudicated by the Lahore High Court, revolves around critical issues of regulatory compliance and legal representation. The case highlights the pivotal role of the SECP in maintaining market integrity and the necessity for transparent dealings in financial regulations. The diverse representation of advocates showcases the complexity of the legal landscape in Pakistan, where multiple parties are often involved in disputes concerning regulatory frameworks. This case serves as a vital reference for understanding the dynamics between regulatory authorities and individuals or entities they oversee, emphasizing the importance of adherence to legal statutes and the implications of non-compliance. The ruling has potential implications for similar cases in the future, making it a significant point of reference in the legal discourse surrounding financial regulations in Pakistan. |
| Court |
Lahore High Court
|
| Entities Involved |
Securities and Exchange Commission of Pakistan,
Ministry of Religious Affairs, Islamabad
|
| Judges |
Jawad Hassan
|
| Lawyers |
Omar Tariq Shamim,
Muhammad Umer Qureshi,
Barrister Maryam Hayat,
Ms. Saira Khalid Lodhi,
Muhammad Imran Shamsi,
Ibrar Saeed,
Ruman Bilal,
Hafiz Talha,
Mian Ijaz Yousaf,
Salman Mansoor,
Abdul Majeed,
Usman Gulzar,
Ms. Sadia Malik,
Shezada Mazhar,
Shahrazi Sajid,
M. Jawwad Khan Lodhi,
Khawaja Haseeb Ahmad,
Raja Shamsher
|
| Petitioners |
ABDULLAH KHAN USMANI
|
| Respondents |
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN,
Respondent No.2,
Respondent No.3,
Respondent No.4,
Respondent No.6,
Respondent No.7,
Respondent No.1,
Respondent No.5/Ministry of Religious Affairs
|
| Citations |
2022 SLD 6425
|
| Other Citations |
Not available
|
| Laws Involved |
Not available
|
| Sections |
Not available
|