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ISLAMABAD: The Islamabad High Court (IHC) has issued a written order annulling the decision of the Vice Presidents of the Agricultural Development Bank (ADB).
The apex court in its order said that the board should decide the policy regarding officers in the light of the orders of the Supreme Court of Pakistan.
Chief Justice Athar Minallah issued a 16-page written verdict.
The apex court also directed the new board to decide on the promotions of the employees within three months.
According to the written decision, the petitioner is of the view that the officers were first promoted and then demoted without any hearing.
The court said in a written decision that the demotion of the vice-presidents was decided by the president of the bank, who had no authority to make policy decisions.
The written decision said that the board of the Agricultural Development Bank could not be formed for three years, the failure to form the board of the federal government led to delay in the implementation of the decision of the Supreme Court.
The apex court in its written judgment further said that the federal government constituted the board on December 30, 2020 on the order of the Islamabad High Court.
The Islamabad High Court has also directed in a written decision that the court decision be placed before the new board of the bank.
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