*ISLAMABAD: **Sharif family faces another setback from the Supreme Court ofPakistan*
The apex court has ordered auction of the ‘Brother Sugar Mills’ owned by aclose relative of former prime minister Nawaz Sharif for defaulting onbillions of rupees payments to farmers and banks.
Last year, the National Accountability Bureau (NAB) also initiated aninquiry into allegations that PML-N President Shehbaz Sharif had shares inthe mills which has been a defaulter since 2015-16.
In 2016, the Lahore High Court (LHC) ordered the Punjab cane commissionerto seal the mills for defaulting on Rs840 million payments to cane growers.
The court also ordered that the sugar stocks worth Rs700 million be paid tothe growers.
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However, the LHC had not entertained a banks writ petition against themills for their claims. The total liability of the Brother Sugar Mills ismore than Rs5 billion.
The banks subsequently approached the Supreme Court. And a three-judgebench – headed by Justice Maqbool Baqar – on February 12 resumed hearing ofa petition seeking a claim against the mills.
