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HomeBusinessPARK VIEW ENCLAVE NE SILKBANK AUR UBL AMALGAMATION PAR SINDH HIGH COURT...

PARK VIEW ENCLAVE NE SILKBANK AUR UBL AMALGAMATION PAR SINDH HIGH COURT MEIN MUQADMA DAAYAR KAR DIYA

Karachi: Park View Enclave (Private) Limited ne ek bara qadam uthate hue Sindh High Court mein Suit No. 1384 of 2024 file kiya hai. Ye muqadma Silkbank Limited aur United Bank Limited (UBL) ke darmiyan proposed amalgamation ke khilaf hai, jo State Bank of Pakistan ke Banking Companies Ordinance, 1962 ke Section 48 ke tehat sanction hone wali thi.

Ye amalgamation ka plan Pakistan ke banking sector mein ek aham badlaav lana tha, lekin Park View Enclave ne is par apne reservations uthate hue legal action lena zaroori samjha. Is muqadme mein Shaukat Fayaz Tarin ko bhi mukadma ki central figures mein shamil kiya gaya hai, jabke UBL ko Defendant No. 17 ke tor par implead kiya gaya hai.

Sindh High Court ne is muqadme par 18 December 2024 ko ek aham hukm (“Order”) jari kiya, jo Defendants No. 1 se 11 ke liye direct tha. Yeh hukm Park View Enclave ki shikayaton aur proposed amalgamation ke hawale se uthaye gaye sawalat ka jawab dhoondhne ke liye ek pehla kadam hai.

Order ki copy muqadme ke records mein shamil hai, aur ab tamam tarafain Sindh High Court ke aage apne positions clear karengi. Is amalgamation ka asar banking aur corporate sector par kitna hoga, ye is case ke faisle ke baad samajh me aayega.

Park View Enclave ka kehna hai ke proposed amalgamation se unke business interests directly mutasir ho sakte hain, aur unhone justice ke liye court ka sahara liya hai. Ab sab ki nigahen Sindh High Court par hain jo ke is case ke agle stages ka faisla karegi.

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