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LAHORE STOCK EXCHANGE versus SHAHID GHAFFAR, COMMISSIONER (SECURITIES MARKET)


Securities and Exchange Commission of Pakistan Act 1997 Appeal before the Appellate Bench of the 33rd Commission has been stayed on appeal due to the presence of a High Court before the High Court in respect of matters in respect of certain shares. Not to be justified, where the parties were separate, the matters involved were substantially different and there was no similarity in the reliefs which, in each proceeding, demanded that the dispute be adjourned to various matters before the High Court. The victim, while in the present case, the matters involved in this case were clear and varied fact is that certain shares are related to the matter related to the matter or happened, the Commission will not ban the decision on the issue in this way. The pending litigation will not guarantee the establishment of proceedings before the Commission.

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