Islamabad — The Islamabad High Court has issued a detailed written judgment in the One Constitution Avenue case, dismissing the petition filed against the cancellation of the company’s lease.
Chief Justice Muhammad Sarfraz Dogar delivered the written verdict, declaring the Capital Development Authority’s (CDA) lease cancellation order dated March 8, 2023, as lawful.
Court Findings on Financial Default
The court ruled that the petitioner company failed to comply with the financial conditions set by the Supreme Court and did not deposit Rs 2.916 billion for the 2022 installment. The court also declared a Rs 500 million cheque submitted by the petitioner insufficient.
Background of the Case
According to case details, the Supreme Court of Pakistan had restored the lease on January 9, 2019, directing payment of Rs 17.5 billion over eight years. The company paid the 2021 installment but defaulted on the 2022 payment.
After multiple reminders, the Capital Development Authority issued a notice on February 7, 2023, followed by the lease cancellation order on March 8, 2023.
The court also rejected objections regarding alleged technical errors in the 30-day notice period and stated that affected investors may approach the relevant legal forum for their claims.
Government Reaction
Meanwhile, Federal Interior Minister Mohsin Naqvi, speaking informally to journalists, reiterated the government’s position that the One Constitution Avenue project was unlawful and that this stance would be maintained before the relevant committee.
He further stated that such a large-scale financial irregularity would be unprecedented in Pakistan’s history, alleging involvement of multiple sectors and calling for accountability of those responsible for national loss.
