Suit.B 20/2022 (S.B.) BANK ISLAMI PAKISTAN LIMITED V/S M/S. HASCOL PETROLEUM LIMITED

2026 SHC KHI 1457Sindh High Court2026

Bench: Hon'ble Justice Ms. Sana Akram Minhas(Author)

Suit.B 20/2022 (S.B.) BANK ISLAMI PAKISTAN LIMITED V/S M/S. HASCOL PETROLEUM LIMITED Sindh High Court Bench: Hon'ble Justice Ms. Sana Akram Minhas(Author) Order 12 Rule 6 CPC - Judgment on admissions - A Scheme of Arrangement under the Companies Act, 2017 containing provisional, unreconciled and revisable liabilities does not constitute a clear and unequivocal admission - Corporate restructuring proceedings under the Companies Act, 2017 and recovery proceedings under Financial Institutions (Recovery of Finances) Ordinance, 2001 operate in distinct statutory spheres - Liabilities reflected in a Scheme of Arrangement are not, by themselves, admissions for the purposes of Order 12 Rule 6 CPC.

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Suit.B 20/2022 (S.B.) BANK ISLAMI PAKISTAN LIMITED V/S M/S. HASCOL PETROLEUM LIMITED

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