ISLAMABAD: The Supreme Court of Pakistan (SC) on Thursday ordered return the bank guarantees of the construction companies working on the Orange Line Metro Train project.
A three-member SC bench, headed by Justice Azmat Saeed, presided over the hearing of the case.
When the bench questioned about the current status of the construction work, the court was informed that the civil work of the project has already been completed, and the contractors have assured that the remaining work would be completed in time.
Advocate Naeem Bukhari, representing a private construction company in the court, stated that the civil work was completed by May 20 according to the orders of the apex court; however, the companies were paid fewer amounts.
Bukhari pleaded with the court to order the return of bank guarantees of the companies while calling less payment to the construction companies “injustice”.
To which, the court ordered to return bank guarantees of Rs10 million to each contractor, and that unless a new managing director (MD) is not appointed, the incumbent MD must continue his responsibilities towards the project.
Meanwhile, the hearing was adjourned till after the summer holidays.
