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TAHIR ABBAS versus AMZ SECURITIES (PVT.) LIMITED


Section 33 of the Karachi Stock Exchange 2004 General Regulations, Applying Appeal to the Regulation 74 Appellate Maintenance Principle Judiciary, the appellant filed a complaint against the defendant in the commission that he had transferred 4,000 physical shares of a company from physical shares. Were sent to. Credit to the central storage system and later to the CDC sub-account. He said that the shares were not deposited in his account, but he has been sent to the wrong account of another person who had no claim against the appellant, the appellant through the director of the commission (Securities Market Division). Filing an appeal, which was accepted while the appeal filed by the appellant is pending before the Appellate Bench, the appellant sent another complaint alleging that the defendant had frozen his account and retained it. Refused to pay the balance due, or refused to issue an account balance statement. The directors' commission rejected on the ground that the subject of the complaint in the appeal filed by the respondent against the first order of the appellant bench against the first order of the appellant bench was sub-judicial, The appellate bench had ruled in their favor. Its first appeal was limited to the collection of only 4,000 physical shares of B in another account, the appellant-affiliated appellate bench has ruled that the submission by the respondent was wrong and the shares should be returned to the appellant. ? All other decisions will apply to the parallel operations where the subject matters. The reason for the action; and the relief sought, was the same except for the parties

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