A lawmaker of the opposition PML-N has informed the Islamabad High Court that the PTI government has promulgated 18 ordinances during the pendency of his petition filed against ‘excessive’ presidential ordinances. AFP/File
ISLAMABAD: A lawmaker of the opposition Pakistan Muslim League-Nawaz (PML-N) has informed the Islamabad High Court (IHC) that the Pakistan Tehreek-i-Insaf (PTI) government has promulgated 18 ordinances during the pendency of his petition filed against ‘excessive’ presidential ordinances.
MNA Mohsin Nawaz Ranjha, who filed the petition through Barrister Umar Gillani, challenged the powers of President Dr Arif Alvi to issue ordinances to run the affairs of the government instead of making proper legislation through parliament. Initially, it challenged eight ordinances.
Need to rehabilitate sick companies highlighted
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Justice Jawad said that the present government and the SECP has full support of judiciary
ISLAMABAD (Dunya News) – Given the stress caused on businesses and the resulting challenges, the Securities and Exchange Commission of Pakistan (SECP) organized a Webinar on Corporate Rehabilitation Act, 2018 (CRA) and the Corporate Restructuring Companies Act, 2016 (CRC Act) to create awareness about corporate insolvency laws.
Honorable Justice Jawad Hassan, Commercial & Constitutional Judge of Lahore High Court graced the event as chief guest.
These laws provide a structured process for distressed companies to attempt their revival through corporate or financial restructuring plans and provide a well-defined mechanism for resolution of non-performing loans.
SECP steps up efforts to help revive sick firms
Business
December 18, 2020
ISLAMABAD: Given the stress caused on businesses and the resulting challenges, the Securities and Exchange Commission of Pakistan (SECP) organised a Webinar on Corporate Rehabilitation Act, 2018 (CRA) and the Corporate Restructuring Companies Act, 2016 (CRC Act) to create awareness about corporate insolvency laws, a statement said on Thursday.
Honorable Justice Jawad Hassan, Commercial & Constitutional Judge of Lahore High Court was the chief guest. These laws provide a structured process for distressed companies to attempt their revival through corporate or financial restructuring plans and provide a well-defined mechanism for resolution of non-performing loans.
SECP Organizes Webinar on Corporate Restructuring and Rehabilitation propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.