ISLAMABAD: The Supreme Court on Monday dismissed a set of appeals instituted by Greentree Holdings Limited (GTH) against a Sindh High Court order, which had held that GTH shares were the property of private equity firm The Resource Group (TRG) Pakistan.

The dispute revolves around a challenge to a June 20, 2025 SHC judgement, in which the SHC had allowed an application of former TRG CEO Muhammad Ziaullah Khan Chishti to be filed under company laws.

In its order on June 20, 2025, the SHC had ruled that TRG shares held by GTH were the property of TRG, and would be deemed to have been purchased by the latter from its shareholders.

The court had also ordered TGR’s Board of Directors to issue notice for an extraordinary general meeting of the company immediately to elect directors, adding that the new board of directors would decide whether to retain or cancel these treasury shares after the elections.

A three-judge SC bench rejected three appeals against the SHC’s order on Monday and directed that the appellants would jointly bear Mr Chishti’s legal costs.

Published in Dawn, May 12th, 2026