The three member judge panel of Supreme court had
yesterday (02)dismissed a fundamental rights petition filed by the main suspect of the Central Bank bond scam the Perpetual Treasuries Limited, filed against cancelling their primary dealer license by the Central Bank wihout the case being heard.
The lawyers of Perpetual Treasuries Limited had stated in the court that the Central Bank's decision to cancel the Primary dealer licence of their client company without holding a fair inquiry violated the fundamental rights of the company and therefore requested the court to issue an order to cancel the ban imposed.
However the three member judge panel of the court dismissed the petition by stating that it didnt have any legal base.
The lawyers of Perpetual Treasuries Limited had stated in the court that the Central Bank's decision to cancel the Primary dealer licence of their client company without holding a fair inquiry violated the fundamental rights of the company and therefore requested the court to issue an order to cancel the ban imposed.
However the three member judge panel of the court dismissed the petition by stating that it didnt have any legal base.
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