KARACHI: JS Global Capital Limited (JSGCL) has announced a favorable legal outcome after the XIIth Additional District Judge/Model Civil Appellate Court, Karachi, dismissed a civil appeal filed by TRG Pakistan Limited, reaffirming an earlier court decision in the company’s favor.
In a notification submitted to the Pakistan Stock Exchange (PSX), the brokerage firm informed investors that the appellate court, through its judgment dated July 1, 2026, rejected Civil Appeal No. 376/2025 filed by TRG Pakistan Limited. The decision upheld the order issued on December 2, 2025, by the VIth Senior Civil Judge, Karachi (South), which had dismissed the original civil suit under Order VII Rule 11 of the Code of Civil Procedure, 1908.
The dispute stems from litigation initiated by TRG Pakistan Limited against JS Global Capital Limited and other respondents. Following the earlier dismissal of the civil suit, TRG Pakistan filed an appeal challenging the ruling. However, the appellate court has now upheld the previous judgment, bringing further legal clarity to the matter.
According to JS Global Capital, the appellate court’s decision reaffirmed that the allegations made against the company and the other respondents were baseless, frivolous, mala fide in nature, and devoid of legal merit. The company further stated that no adverse findings or directions have been issued against JS Global Capital, its holding companies, or any of their officers during these proceedings.
The company disclosed the development in compliance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange Regulations, emphasizing its commitment to keeping shareholders and the market informed of material developments.
The latest judgment marks a significant legal victory for JS Global Capital, effectively reinforcing the earlier court ruling and strengthening the company’s position in the long-running dispute with TRG Pakistan Limited.
