The Lahore High Court (LHC) returned the petition filed against privatisation of Habib Bank Limited (HBL), after raising the objection of locus standi of the petitioner.
Registrar LHC contended that the petitioner has no locus standi in the matter, as he was not a party in the matter.
The petitioner, a senior member of the Lahore High Court Bar Association (LHCBA) Barrister Zafar Ullah contended that the petitioner being a law abiding citizen could file a petition against any illegal action of the respondent government.
The petitioner submitted that the HBL was privatised on throw away prices, hence prayed to the court to direct the respondent government to hand over the administration of the bank to some local party or offer its share to the public at large.
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