Heading a three-member bench, Chief Justice Mian Saqib Nisar remarked that the nation was burdened with huge debt and they had no right to occupy the office if they failed to bring back the nation’s wealth. The chief justice observed that those who did not avail the opportunity, would regret as the court would take strict action against them. In case the banking courts gave verdicts against the companies, they would have to pay the full amount of their loans and in case of failure to do so, they could go to jail, he warned. The chief justice gave eight weeks’ time to the respondents to repay their loans. He said neither banks nor any financial department had claimed the written-off loans, therefore, the amounts would be deposited in the dams fund, he added, while adjourning the case for an indefinite period.

Source: The Express Tribune January 09, 2019 03:56 UTC