
During the hearing, construction companies submitted a bank guarantee of Rs1 billion before a three-member bench headed by Chief Justice Mian Saqib Nisar. The bench handed over LDA’s cheque worth Rs40 million and Rs60 million to construction companies.
OLMT project to face further delays
Justice Ijazul Ahsan questioned the inclusion of property dealers in the LDA board. “It is a conflict of interest,” he noted. Counsel for LDA Izhar Siddiqui said he was unaware of property dealers’ presence on the board. “However, individuals associated with housing societies are on the board,” he added.
The top judge remarked that the downfall of LDA was a result of conflict of interest. “If a case is filed pertaining to conflict, we will review the matter.”
The apex court disposed of the OLMT suo motu case.
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