Xplico Insurance Company Limited AND Arbaaz Qureshi AND 1 Others VS Insurance Regulatory Authority

I have read the applicants' application dated 27 January 2023 filed under a certificate of urgency of even date. The application is certified urgent and leave is granted in terms of prayer 2. However, the prayer for leave to operate as stay is declined. Meanwhile, I direct the substantive motion to be filed and served within fourteen days of the date of this ruling. The response to the application shall be filed and served within seven days of the date of service of the application. On 15 February 2023, the application shall be mentioned for the purpose of taking directions on the manner of its disposal. It is so ordered.