MUHAMMAD AHMED ISMAIL versus COMMISSIONER (SCD), SECT
R13 (1) Appeal to default restoration of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 of the Limitation Act (IX of 1908), Article 1768, should be dismissed, under section 33 of the Securities and Exchange Commission of Pakistan. The Appeal for Appeal filed by the Appeals Act, 1997 was dismissed on the basis of illegal prosecution, the appellant filed a request for reinstatement a year and four months after his dismissal; I said with a delayed condolences that there was no clear and valid reason for the delay in filing the application. Before the Commission and the Appellate Bench were in the form of summary proceedings, effective restoration of the appeal was taken and the Appellate Bench Securities and Exchange Commission of Pakistan (Appellate Bench Procedure) Rules 2003 was mandatory as far as possible for the appeal. Make the decision. The debate over the 45 days of this filing, which was dismissed for non-prosecution, will defeat the intent and purpose of the law if the appellate bench were to seek guidance from the statute of limitations, in the article of the Limitation Act 1908 From 1768, which dealt exclusively with the present case.
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