SC holds hearing in Rs54bn written-off loans case

ISLAMABAD: The Supreme Court of Pakistan heard the Rs54 billion of written-off loans case here on Tuesday.

A three-member bench headed by Chief Justice Mian Saqib Nisar ordered to close the legal proceedings against twenty-six persons who have deposited seventy-five percent of the actual amount.

The court noted that thirteen other persons have also expressed their consent to deposit seventy-five percent of the actual amount.

The court granted another two month's period to one hundred and eighty-three remaining loan defaulters to clear their cases under the same package.

The Supreme Court also ordered that the unclaimed amount by the Banks, recovered in the case, will go to the Dams funds.

The court constituted a new bench to review the matters of those who have not yet deposited the seventy-five percent of their actual amount.