⚖️ Material News · SLCL Security Leasing Corporation Limited is currently involved in a legal appeal against the Securities & Exchange Commission of Pakistan (SECP) regarding the cancellation of its Non-Banking Finance Company (NBFC) license. The company seeks to suspend the SECP's orders that threaten its operational capacity.
- The appeal is against orders dated 08.04.2025 and 17.04.2019, which upheld the cancellation of SLCL's NBFC license.
- The company argues that the cancellation was executed unlawfully by an unauthorized officer, lacking proper jurisdiction.
- SLCL claims that it complied with all regulatory requirements, including submitting an auditor-certified equity report.
- The appeal emphasizes that the dismissal of its prior appeal by the SECP Appellate Bench was non-speaking and did not address the merits of the case.
- The company is seeking urgent relief to prevent winding-up proceedings and delisting, asserting that failure to do so would cause irreparable harm.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)