Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act 1997

Section 22 : Removal of difficulties   2015  CLD  626   KARACHI-HIGH-COURT-SINDH PAK LIBYA HOLDING COMPANY (PRIVATE) LIMITED VS KOHANOOR EDIBLE OILS LIMITED 22—Limitation Act (IX of 1908), S. 5—Appeal—Condonation of delay—Public functionaries—Financial institution filed appeal with a delay of seven days and sought condonation of delay on the plea that its staff, under directions of […]

Section 21 : Indemnity   2017  CLD  380   KARACHI-HIGH-COURT-SINDH ADAMJEE POLYCRAFT LIMITED VS NATIONAL INVESTMENT TRUST LIMITED Ss. 9 & 21—Contract Act (IX of 1872), S. 126—Recovery of finance—Contract of guarantee—Liability of guarantor/surety—Appellants were sponsors of principal borrower company—Suit for recovery of finance was decreed by Banking Court in favour of Bank against principal borrower

Section 7 : Powers of Banking Courts   2016  PLD  995   SUPREME-COURT SHAHIDA BIBI VS HABIB BANK LIMITED Ss. 7(7), 18 & 28—Banking Companies (Recovery of Loans, Advances, Credits and Finances) Ordinance (XXV of 1997), S.12 [since repealed]—Banking Tribunals Ordinance (LVIII of 1984), S. 11 [since repealed]—Execution proceedings instituted under the Banking Tribunals Ordinance, 1984,

Section 5 : High Court   2010  CLD  582   LAHORE-HIGH-COURT-LAHORE CHIMERA (PVT.) Limited through Chief Executive  VS HABIB BANK LIMITED 5—Specific Relief Act (I of 1877), S.42-Suit for declaration, cancellation, recovery of amount, damages and permanent injunction-Leave to defend-Application for-Subject-matter in both suits same—Scope-Plaintiff filed suit against the bank on the ground that bank had

Section 4 : Establishment of Banking Court   2005  CLD  361   LAHORE-HIGH-COURT-LAHORE Messrs MUHAMMAD ALI AND BROTHERS through Managing Partner VS HABIB BANK LIMITED —Ss. 4 & 21—Qanun-e-Shahadat (10 of 1984), Art. 84–Communication during ordinary course of business—Visual comparison—Banking Court rejected the leave application and decreed the suit of the plaintiff of sanctioned advice, execution

Section 3 : Ordinance not to derogate from other laws   2009  MLD  300   KARACHI-HIGH-COURT-SINDH LASHKARI VS MANAGER, AGRICULTURAL DEVELOPMENT BANK OF PAKISTAN, DADU BRANCH Ss. 42 & 54—Civil Procedure Code (V of 1908), Ss.96, 151 & O.VII, R.11(b)—Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act (XV of 1997), S.3—Suit for declaration, injunction

Section 2 : Definitions   2019  CLD  651   LAHORE-HIGH-COURT-LAHORE GULF COMMERCIAL BANK LIMITED VS CHAUDHRY CABLES (PVT.) LTD. Ss. 2(d)(iv) & 9(1)—Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act (XV of 1997), Ss. 2(f)(i) & 9—Civil Procedure Code (V of 1908), O. VII, R. 10—Suit for recovery of finance—Return of plaint—Banking Court, jurisdiction

 Section 9 : Procedure of Banking Courts   2005  CLD  1746   LAHORE-HIGH-COURT-LAHORE Messrs AMTUL REHMAN INDUSTRIES (PVT.) LTD. through Chief Executive/ Managing Director VS HABIB BANK LIMITED —Ss.9 & 10—Banker’s Books Evidence Act (XVIII of 1891), S.4—Suit for recovery of loan amount-Application for leave to appear and defend suit—Discrepancies in statement of account.—Effect—Determination of actual