SHC orders to freeze Hascol's properties and banks accounts.

A single bench of Sindh High Court (SHC) Wednesday ordered to attach assets and banks accounts of Hascol Petroleum Limited in Pakistan.

The order was passed by the court after hearing the case filed by Dubai based company 'Mena Energy DMCC'.

Mina Energy Dubai had approached the SHC to enforce the degree of $9.5 million awarded against the Hascol Petroleum from the UK Court. In its order, a single bench judge of the SHC said, 'all the following assets of the Judgement Debtor (JD) are hereby attached until further orders as follows:

The court order said, 'The JD is prohibited from transferring the shares held by it in the following companies together with any bonus and right share.

The Hascombe Lubricants (Pvt) Ltd, having its office in Clifton, VAS-LNG (Pvt) Ltd having office at Clifton Karachi and Hascol Terminals Ltd, having its office at Bin Qasim Karachi registered in Pakistan.'

The JD is prohibited from transferring or charging in any way the immovable properties listed in the list to this order.

The above order of attachment of movables shall be transmitted by the office to the companies and banks mentioned in sub-paras (i) and (ii) above as per order XXI rule 46(2) CPC and said companies and banks shall report compliance to the Nazir of this court. Along with the relevant compliance of...

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