Hassan Nawaz declared bankrupt by UK court
London High Court rules Hassan Nawaz bankrupt in tax case
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Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif's son Hassan Nawaz has been officially declared bankrupt by the London High Court on Sunday.
The ruling came in the wake of a tax case filed against him by the UK’s tax and revenue department.
The bankruptcy declaration has pertained to a specific case, numbered 694, which was filed in 2023. The legal proceedings were initiated on August 25, 2023, and had now culminated in the court's decision.
This ruling has garnered attention given Hassan Nawaz's prominent background and the ongoing scrutiny of his financial dealings in both Pakistan and abroad.
Nawaz Sharif's son Hasan Nawaz has been declared bankrupt by London High Court by Farhan Malik on Scribd
Under UK law, a bankruptcy order is a key component of the personal insolvency process. It is issued by the court, declaring an individual bankrupt. These bankruptcy orders are only published in the London Gazette once they are received from The Insolvency Service.
