ISLAMABAD – The Supreme Court has rejected Bahria Town’s offer to pay Rs358billion 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 implementationof the May 4 verdict against the Bahria Town Karachi project.
The implementation bench had been formed after the court had discardedreview petitions filed against its May 4,2018 judgement.
In the May 4 judgement, the court had declared that the grant of land tothe Malir Development Authority (MDA) and its subsequent swap with landowned by Bahria Town was illegal and void.
Read Top Stories
It had also directed NAB to continue its probe into the business practicesemployed by the developer.
Today, while terming the housing society’s settlement offer to regularisethe land it is currently in possession of ‘unsatisfactory’, the bench askedBahria Town to reconsider.
