The Supreme Court on Friday issued notices to individuals / companies who got loans of Rs 54 billion written off. A two-member bench, headed by Chief Justice Mian Saqib Nisar and comprising Justice Mushir Alam, hearing a suo motu case No 26 of 2007 with HR cases and a constitution petition No 64 of 2009 regarding 'deadbeats' got loans of Rs 54 billion written off had directed the SC offices on 13th May, 2018 to issue notices to persons who got their loans written off.
Additional Attorney General on the last hearing had informed the court that as per a report of the Commission constituted by this court, action against 222 individuals / companies (page No.107 of Vol-I of Commission's Report) has been recommended on account of the fact that the loans were not written-off in accordance with law.
The Chief Justice in view of that ordered: "Let notice be issued to all 222 individuals / companies as per detail provided in part-II of volume-II of the Report of the "Commission on written-off loan" against whom action is recommended for further action; ensure their presence on the next date of hearing and to submit their replies before such date."
The apex court in compliance of that order issued notices to the individuals/companies to ensure their appearance on next date of hearing (08.06.2018). They have been ordered to submit replies before the next date. The case will be heard on June 8, 2018.
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