Karachi: TRG Pakistan Limited has encountered a legal hurdle after the United States District Court for the Southern District of New York declined to grant the injunctive relief it sought, according to an order issued on July 1, 2026. The order pertains to a complex legal battle involving the company, its former CEO, Mr. Zia Chishti, and The Resource Group International Limited.

The legal proceedings stem from a Temporary Restraining Order against Mr. Chishti, which expired on July 1, 2026. TRG Pakistan Limited and its affiliates had requested injunctive relief to halt litigation initiated by Mr. Chishti in Pakistan. However, the court concluded that the company did not meet the necessary legal standard for the requested injunction.

The court's latest decision does not impact an earlier ruling from May 12, 2026, which remains significant in this legal dispute. That ruling permanently released Mr. Chishti’s claims against TRG Pakistan Limited and its affiliates concerning actions before January 10, 2022. Mr. Chishti has since appealed this ruling in the Second Circuit Court of Appeals in New York.

According to information available from the Pakistan Stock Exchange (PSX), TRG Pakistan Limited is now considering its legal options following the court's recent order. This includes the possibility of appealing the decision with the Second Circuit.

The ongoing legal proceedings have attracted considerable attention in the market, as stakeholders closely monitor the developments. The situation continues to evolve as both parties navigate the complexities of international legal frameworks.