In a significant development in the ongoing legal battle surrounding TRG Pakistan Limited, a United States court in New York has ruled that several claims brought by former TRG founder Zia Chishti are barred under a release agreement signed in 2022.

According to a disclosure submitted by TRG Pakistan to the Pakistan Stock Exchange, the United States District Court for the Southern District of New York (SDNY) ruled on 12 May 2026 that claims relating to events prior to January 10, 2022 had been “forever released” and therefore could not be adjudicated in any forum.

The ruling was issued by Judge Lewis Stanton in proceedings connected to a long-running arbitration dispute involving The Resource Group International Limited, TRG Pakistan, and affiliated management entities.

At the center of the ruling is a Release Agreement signed........

© Naya Daur