Latest Judgments

Newly reported judgments from the Supreme Court of Pakistan, the High Courts and tribunals, added as they are processed — free, full text, updated daily. Judgments marked NEW were added in the most recent update. 232,594 judgments in total.

• In the matter of M/s. Platinum Insurance Company Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Pakistan Telephone Cables Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Pakistan PVC Limited. vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Pakistan PVC Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Pakistan PVC Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Pakistan Paper Products Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. NetSol Technologies Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Mubarik Dairies Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Mehran Sugar MillsLimited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Mehr Dastgir Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Mansha Mohsin Dossani Khan & Co., CharteredSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Mandviwalla Mauser Plastic Industries Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Malik & Co., Chartered Accountants vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. MacDonald Layton & Company Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Latif Jute Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · 2004-04-28Read full judgment →
• In the matter of M/s. Latif Jute Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Kohinoor Raiwind Mills Limited vs NotSecurities and Exchange Commission of Pakistan · 2000-10-05Read full judgment →
• In the matter of M/s. Kohinoor Edible Oil Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Khybertobacco Company Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Khalid Javed Securities (Pvt.) Ltd., Ex-Member of theSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Khalid Javed Securities (Pvt.) Ltd., Ex-Member of theSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Khairpur Sugar Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Kashmir Polytex Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Kashmir Polytex Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Karim Cotton Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Karim Cotton Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Johnson and Phillips (Pakistan) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Johnson & Phillips (Pakistan) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Johnson & Philips (Pakistan) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Johnson & Philips (Pakistan) Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Investec Securities Limited, vs NotSecurities and Exchange Commission of Pakistan · 2003-10-09Read full judgment →
• In the matter of M/s. Haseeb Waqas Sugar Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Harum Textiles Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Hamid Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Hamid Textile Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Hala Enterprises Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Hakkim Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Haji Dossa Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. H.S.Z. Securities (Pvt.) Ltd. Ex-Member of the LahoreSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Guice Food Industries Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Ghani Glass Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. General Tyre & Rubber Company of Pakistan LimitedSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Gammon Pakistan Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Frontier Sugar Mills and Distillery Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Frontier Sugar Mills & Distillery Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Frontier Ceramics Limited vs N/ASecurities and Exchange Commission of Pakistan · -
  Companies Ordinancedepreciation on revalued assetsincremental depreciationfinancial statementsdefault of statutory requirementsSecurities and Exchange Commission of Pakistandirectors' liability
  Summary & questions settled

  This matter involves proceedings initiated against M/s. Frontier Ceramics Limited and its directors under Section 235 and Section 472 of the Companies Ordinance, 1984, read with SRO 45/(I)/2003, for default in complying with statutory depreciation requirements on revalued assets. The core legal question was whether financial distress, administrative difficulties, and the unintentional nature of an accounting omission can absolve a company's directors from statutory compliance regarding financial statements. The Securities and Exchange Commission of Pakistan held that the directors are collectively and personally responsible for the management of the company and statutory compliance, and pleas of financial crisis or lack of intent do not excuse non-compliance. The holding establishes that directors cannot evade their statutory duties under the Companies Ordinance through a plea of preoccupation with financial revival or lack of intentional wrongdoing, and failures to properly account for incremental depreciation on revalued assets constitute willful defaults warranting penal action.

  Questions settled

  • Whether financial crisis and administrative difficulties constitute a valid justification for non-compliance with statutory accounting requirements under the Companies Ordinance, 1984?
  • Can directors evade their statutory duties to present true and fair financial statements by claiming the default was unintentional or done without bad faith?
  • Are the directors of a company collectively responsible for the management and adherence to statutory provisions regardless of distractions or preoccupation with corporate revival?
  Read full judgment →
• In the matter of M/s. Frontier Ceramics Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Ford, Rhodes, Robson, Morrow, StatutorySecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Flying Cement Company Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. First Pakistan Securities Limited Member of the LahoreSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Fazal Vegetable Ghee Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Farooq Habib Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Farooq Habib Textile Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Faran Sugar Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Extraction (Pakistan) Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Equity Master Securities (Private) Limited, Member ofSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. English Leasing Limited in Respect of vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Emco Industries Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. East West Life Assurance Company Limited vs Mst.Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Diamond Industries Limited vs NotSecurities and Exchange Commission of Pakistan · 2000-06-03Read full judgment →
• In the matter of M/s. Dewan Hattar Cement Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Dawood Fibre Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Crescent Knitwear Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Chashma Sugar Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Buxly Paints Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Bilwani & Co., Auditors of InternationalSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Bilwani & Co., Auditors of InternationalSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Bela Automotives Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Bela Automotives Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Beema Pakistan Company Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Ayaz Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Ayaz Textile Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Attock Refinery Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Atlas Insurance Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Asset Investment Bank Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Apex Fabrics Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Annoor Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Amin, Mudassar & Co., Chartered Accountants vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Altern Energy Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Al-Qaim Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Al-Jadeed Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Al-Jadeed Textile Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Ahmad Spinning Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s. Accord Textile Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s. Abson Industries Limited vs NotSecurities and Exchange Commission of Pakistan · 1970-01-01Read full judgment →
• In the matter of M/s. (Colony) Sarhad Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s, Dawood Capital Management Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s Zeal Pak Cement Factory Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s Zahur Textile Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s Wali Oil Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s Wali Oil Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s Usman Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s United Sugar Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s United Industries Limited. 1. M.Akbar Muggo s/o HaneefSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s United Distributors Pakistan Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s United Disiributors Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s Tri Star Shipping Lines Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s Tri Star Power Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of M/s TRG Pakistan Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M/s Transmission Engineering Industries Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →