LAHORE: Lahore High Court (LHC) restrained National Accountability Bureau (NAB) from further action in Rs 1.75 billion bank loan cases against directors of two textile mills, besides sending case to full bench for further hearings.
As per details, under the supervision of Justice Mehmood Maqbool Bajwa, two-member bench heard the case of Jia Textile Mills and Arzu Textile Mills in which Amjed Majeed, Azher Majeed and directors have been nominated.
The counsel for mill owners stated before the court that mills’ owners have dispute regarding the mark up rate on the loan amounting to Rs 1.75 billion and the case is in court for hearing.
He added that NAB should be stopped from action against his clients till the decision of the case.
After hearing the case, court stopped the NAB for further action and issued notice to the parties.
