SHC revokes stay order of Axact's BOL TV

02:54 PM | 3 Jul, 2015
SHC revokes stay order of Axact's BOL TV
KARACHI (Web Desk) - Sindh High Court (SHC) on Friday revoked stay order of a television channel of Axact, the IT company under investigation for running a global fake degree empire, Samaa TV reported.

A two-member bench issued its verdict over a case of security clearance to Axact’s TV channel.

Revoking its stay order, the court ruled that all four directors of Axact – Shoaib Sheikh, Waqas Atiq, Sarwat Bashir and Aisha Sheikh – must get fresh security clearance.

The Axact company had inducted four of its officials as ‘directors’ and ‘stakeholders’ into the board of directors after acquiring a TV licence issued to Labbaik TV in 2013, despite the fact that the Ministry of Interior had not given security clearance to the directors.

The ministry’s decision was later challenged by Shoaib Sheikh, who got court’s stay over security clearance.

Today, the court revoked the stay order on grounds of changes in the composition of board of directors. The court said in its verdict that government’s security clearance is necessary in case of any change in the company's board.