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| January 30, 2003 | Thursday | Ziqa’ad 26,1423 |
Hearing against Mansha group adjourned
ISLAMABAD, Jan 29: The Supreme Court on Wednesday fixed Feb 27 as the next date of hearing of a petition filed by the Adamjee Insurance Company Limited, alleging that the Mansha group was attempting to take over the AICL by acquiring its 40 per cent shares through the Stock trading.
The petitioner company also stated if such an act was allowed it would create an uncontrollable acquisition of stocks by banks and investment companies of specialised and profitable units which in fact, was not the job of the banks.
The SC, which has issued the status quo order, which is still in operation, took up the petition on Wednesday.
The hearing of the petition was, however, adjourned on the ground that Advocate-General of Sindh Anwar Mansoor, who would assist the senior counsel Syed Sharifuddin Pirzada in the case, was not available.
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