How the Dispute Reached Arbitration
The conflict centers on control of the corporate vehicle behind Lahore Qalandars—KRR—which holds franchise rights.
Timeline (condensed):
• 2018–2020: Fawad Rana alleges that his shares were transferred without authorization, consideration, or valid documentation.
• 2023: He files proceedings in the Lahore High Court seeking reversal of the alleged transfers and related relief.
• June 24, 2024: Atif and Sameen Rana request the High Court to stay proceedings and refer the dispute to private arbitration under a 2020 agreement. The court declines, citing fraud allegations and lack of universal consent to arbitration.
• December 2, 2024: The Supreme Court of Pakistan overturns the High Court’s refusal, stays proceedings, and refers the matter to arbitration, appointing Justice (Retd.) Maqbool Baqar.
• January 2026: Arbitration award issued in favor of Fawad Rana/QALCO.
