The Islamabad High Court has stayed all kinds of land transactions by the owners of Al Haram City.
IHC Chief Justice Sardar Mohammad Aslam heard a writ petition and adjourned hearing of the case till May 27.
Senior lawyer Raja Mohammad Akram, counsel for Allied Bank Ltd, prayed to the court to appoint a receiver and stay all land transactions by Sheikh Iftikhar Adil, owner of Al Haram City.
He said that their 1,385 kanals of land in Al Haram City was an attached property and being a mortgaged entity it could neither be sold nor transferred under the banking law.
He pleaded that its transaction and sale should be declared null and void.
After hearing his arguments, the IHC Chief Justice granted stay and adjourned the hearing . The same single-judge bench also reserved a judgement over a writ petition of Sheikh Iftikhar Adil about placing his name on the Exit Control List.
He pleaded that the Interior Ministry had placed his name on ECL and was not issuing his passport. The counsel for the ministry contended that he was not issued passport for certain reasons.
Thursday, May 15, 2008
IHC stays land transaction of Al Haram City
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