{"id":125739,"date":"2026-05-12T10:54:57","date_gmt":"2026-05-12T05:54:57","guid":{"rendered":"https:\/\/nationaltimes.pk\/eng\/?p=125739"},"modified":"2026-05-12T10:54:58","modified_gmt":"2026-05-12T05:54:58","slug":"bank-of-punjab-flat-owners-challenge-ihc-verdict-on-one-constitution-avenue-lease-cancellation","status":"publish","type":"post","link":"https:\/\/nationaltimes.pk\/eng\/2026\/125739\/","title":{"rendered":"Bank of Punjab, flat owners challenge IHC verdict on One Constitution Avenue lease cancellation"},"content":{"rendered":"\n

ISLAMABAD(National Times)- The Bank of Punjab (BoP) and several flat owners of the capital\u2019s iconic One Constitution Avenue project have filed separate intra-court appeals before the Islamabad High Court (IHC), challenging a single bench verdict that upheld the cancellation of the project\u2019s lease and ruled that third-party buyers would \u201csink or sail\u201d with the original lessee.<\/p>\n\n\n\n

The decision of the single bench, which had dismissed BNP (Private) Limited\u2019s writ petition and upheld the cancellation of the lease, has now been challenged before the IHC\u2019s divisional bench. The Bank of Punjab filed an intra-court appeal against the single bench\u2019s decision, though the Registrar\u2019s Office has raised objections regarding the maintainability of the appeal.<\/p>\n\n\n\n

The development marks the latest turn in a longstanding legal battle over the 13.5-acre commercial-residential project located at the end of Constitution Avenue, adjacent to the Convention Centre.<\/p>\n\n\n\n

On April 30, 2026, a single-member bench of the IHC dismissed<\/a> the petition filed by builder M\/s BNP (Private) Limited, the original lessee, and upheld the Capital Development Authority\u2019s (CDA) decision to terminate the lease over alleged multi-billion-rupee payment defaults.<\/p>\n\n\n\n

\n

Appeals filed against ruling that upheld CDA action and linked third-party buyers\u2019 rights to original lessee<\/p>\n<\/blockquote>\n\n\n\n

The single bench headed by the Chief Justice rejected BNP Company\u2019s application and restored the lease cancellation order. The court also ruled that third-party sub-lessees and purchasers would \u201csink or sail\u201d with BNP, meaning their rights were dependent on the lessee\u2019s interest.<\/p>\n\n\n\n

In its appeal, the Bank of Punjab requested that the single bench\u2019s decision be declared illegal and contrary to the facts. The bank stated that it has a direct stake in the matter, as BNP Company had obtained a loan from the Bank of Punjab and subsequently paid the amount to the CDA.<\/p>\n\n\n\n

According to documents available with Dawn<\/em>, the Bank of Punjab had acquired three floors on sub-lease to establish a branch. A total of 25,420 square feet of space was acquired for the bank in One Constitution Avenue.<\/p>\n\n\n\n

The bank was allotted space on the lower ground, upper ground and first floors on sub-lease.<\/p>\n\n\n\n

The appellants, including overseas Pakistanis and other bona fide purchasers, have also challenged the judgment to the extent that it affects their vested proprietary rights.<\/p>\n\n\n\n

Through their counsel, they requested the divisional bench to declare that the impugned judgment does not authorise the CDA to dispossess, evict or take coercive action against them without due process.<\/p>\n\n\n\n

The appellants have heavily relied on Supreme Court of Pakistan orders dated January 9, 2019 and November 6, 2019, which directed the CDA to submit a \u201cviable, fair, transparent, secure and enforceable arrangement\u201d for settling third-party claims.<\/p>\n\n\n\n

A notification issued on May 1, 2026 had also barred coercive action pending the prime minister\u2019s final decision.<\/p>\n\n\n\n

The divisional bench is expected to take up the appeals for hearing in due course.<\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD(National Times)- The Bank of Punjab (BoP) and several flat owners of the capital\u2019s iconic One Constitution Avenue project have filed separate intra-court appeals before the Islamabad High Court (IHC), challenging a single bench verdict that upheld the cancellation of the project\u2019s lease and ruled that third-party buyers would \u201csink or sail\u201d with the original […]<\/p>\n","protected":false},"author":2,"featured_media":125740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-125739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest_news","entry"],"yoast_head":"\nBank of Punjab, flat owners challenge IHC verdict on One Constitution Avenue lease cancellation - Nation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationaltimes.pk\/eng\/2026\/125739\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Punjab, flat owners challenge IHC verdict on One Constitution Avenue lease cancellation - Nation\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD(National Times)- The Bank of Punjab (BoP) and several flat owners of the capital\u2019s iconic One Constitution Avenue project have filed separate intra-court appeals before the Islamabad High Court (IHC), challenging a single bench verdict that upheld the cancellation of the project\u2019s lease and ruled that third-party buyers would \u201csink or sail\u201d with the original […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationaltimes.pk\/eng\/2026\/125739\/\" \/>\n<meta property=\"og:site_name\" content=\"Nation\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-12T05:54:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-12T05:54:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2026\/05\/Untitled-design-41-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"370\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"humza Jahangir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"humza Jahangir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2026\/125739\/\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/2026\/125739\/\",\"name\":\"Bank of Punjab, flat owners challenge IHC verdict on One Constitution Avenue lease cancellation - 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