July 6, 2026 – JS Bank Limited has secured a decisive legal victory as the Honourable XIIth Additional District Judge/Model Civil Appellate Court, Karachi-South, dismissed a civil appeal filed by TRG Pakistan Limited . The judgment, dated July 1, 2026, upholds an earlier order that rejected TRG Pakistan’s plaint in a civil suit under Order VII Rule 11 of the Code of Civil Procedure, 1908 .
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The case, titled “TRG Pakistan Limited & Others vs. Jahangir Siddiqui and Co. Ltd. & Others,” pertained to litigation initiated by TRG Pakistan against JS Bank and other parties . The dismissal of the appeal effectively closes a contentious legal chapter, validating the Bank’s position that the claims brought against it were without legal merit, frivolous, and filed in bad faith .
Crucially, the proceedings resulted in no adverse findings or instructions against JS Bank, its parent organization, or its leadership . This outcome provides absolute clearance for the corporate group, removing potential regulatory risks and litigation clouds that had drawn the close attention of capital market analysts .
The verdict brings to a close a highly visible legal battle between two prominent entities listed on the Pakistan Stock Exchange . JS Bank remains committed to transparency and will continue to keep stakeholders informed of matters affecting the Bank’s interests and reputation .
