KARACHI, May 19: The Sindh High Court allowed an industrialist on Thursday to go abroad after depositing Rs 2.5 million as security with its nazir. Petitioner Masood Baghpatee, director of the Tristar shipping company, submitted that he was sued for recovery of Rs 400 million in outstanding debt by the Allied Bank Limited.
A compromise decree was passed by the high court when he accepted his liability and agreed to repay the amount. Several shareholders of the shipping company, however, moved the court for its compulsory winding up on the ground of its inability to service its debts.
The high court allowed the application and appointed its official assignee as liquidator. He surrendered all his property to the liquidator in order to discharge the debt liability, the petitioner said.
He added that his name was placed on the exit control list when the ABL instituted its recovery suit. It was taken off the ECL when the consent decree was passed in October 2003 but was soon restored on a State Bank complaint.
The petitioner requested the court to order deletion of his name from the ECL. In the meantime, he may be allowed exemption from the travel ban for two months to sort out certain business matters abroad.
Allowing one-time exemption subject to a security deposit of Rs 2.5 million, a division bench comprising Justices Sarmad Jalal Osmany and Azizullah M. Memon asked the respondent ABL to state the actual outstanding liability.
NOTICES ISSUED: The Sindh High Court on Thursday issued notice to Advocate General Sindh and Deputy Attorney General for May 25 on a petition seeking whereabouts of Harkatul Mujahidden Al-Alami activist, adds PPI.
Mohammad Arif submitted that his son-in-law Mohammad Jamil Memon, who went to Swat for a “Tablighi” mission in January last, was allegedly arrested by law enforcement agencies in connection of US Consulate car bombing and conspiracy to assassinate President Pervaiz Musharaf cases.
Since his arrest, the petitioner said, detainee not produced before any court of law and his whereabouts were still unknown.
He also expressed apprehension that the detainee may be handed over to any other country.
The court was prayed to direct the federal and provincial governments to produce the detainees before the court and restrain them from extraditing him to any country.
