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The Lahore High Court (LHC) while admitting a petition filed by Allied Bank Ltd employees union for regular hearing has issued notices to respondents for December 18. The petitioners have prayed to the court direct the respondents to award administrative power to them (petitioners).
They contended that they had owned 50 percent shares of the bank and under the agreement respondents are bound to give them administrative powers. The petitioners contended that they were facing difficulties and were not in a position to favour their colleagues in accordance with the law.
It was prayed to the court to direct the respondents to give them administrative powers so that the bank affairs could be run smoothly. The court, after hearing the petitioner's counsel at length, admitted the petition for regular hearing and issued notices to the respondents for December 18.

Copyright Business Recorder, 2006

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