Supreme Court rejects Bahria Town's offer to pay Rs 358 billion

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Supreme Court rejects Bahria Town's offer to pay Rs 358 billion

ISLAMABAD - The Supreme Court has rejected Bahria Town's offer to pay Rs358 billion for the legalisation of the housing society's Karachi projects.

A three-judge implementation bench, headed by Justice Sheikh Azmat Saeed, issued the remark while hearing the case pertaining to the implementation of the May 4 verdict against the Bahria Town Karachi project.

The implementation bench had been formed after the court had discarded review petitions filed against its May 4,2018 judgement.

In the May 4 judgement, the court had declared that the grant of land to the Malir Development Authority (MDA) and its subsequent swap with land owned by Bahria Town was illegal and void.

It had also directed NAB to continue its probe into the business practices employed by the developer.

Today, while terming the housing society's settlement offer to regularise the land it is currently in possession of 'unsatisfactory', the bench asked Bahria Town to reconsider.