| Case ID |
eb93ea78-5841-4002-a0c3-94e69091719f |
| Body |
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| Case Number |
Appeal No. 60 of 2012 |
| Decision Date |
Apr 07, 2015 |
| Hearing Date |
Apr 02, 2015 |
| Decision |
The appeal was dismissed for non-appearance and non-persuasion after the Appellant failed to attend the hearings on multiple occasions despite being given final opportunities to appear. The absence of both the Appellant and the official respondent during the hearing led to the conclusion that the appeal could not proceed. The parties were ordered to bear their own costs. |
| Summary |
In the case of Appeal No. 60 of 2012 before the Securities and Exchange Commission of Pakistan, the Appellant was unable to present their case effectively as they failed to appear for multiple hearings. The Commission, led by Commissioners Zafar Abdullah and Fida Hussain Samoo, provided the Appellant with several opportunities to defend their position. However, due to continued non-appearance and lack of persuasion, the appeal was ultimately dismissed. This case highlights the importance of active participation in legal proceedings and the consequences of failing to appear before the court. The decision was based on Section 33 of the Securities and Exchange Commission of Pakistan Act, which allows for dismissal under such circumstances. The ruling serves as a reminder to parties involved in appeals to ensure their presence and representation in hearings to avoid unfavorable outcomes. |
| Court |
Securities and Exchange Commission of Pakistan
|
| Entities Involved |
Respondent No. 1,
Respondent No. 2,
Appellant,
Securities and Exchange Commission of Pakistan
|
| Judges |
ZAFAR ABDULLAH, COMMISSIONER (SMD),
FIDA HUSSAIN SAMOO, COMMISSIONER (INSURANCE)
|
| Lawyers |
Muhammad Siddique, Executive Director (CCD),
Mubasher Saeed, Director (CCD),
|
| Petitioners |
Not available
|
| Respondents |
,
TAHIR MAHMOOD, COMMISSIONER SECP, ISLAMABAD
|
| Citations |
2017 SLD 1911,
2017 CLD 922
|
| Other Citations |
Not available
|
| Laws Involved |
Securities and Exchange Commission of Pakistan Act, 1997
|
| Sections |
33
|