Section 43 : Certain provisions of the Ordinance not to apply to certain banking companies
2007 CLD 1481 SUPREME-COURT
SAMAD DEVELOPMENT CORPORATION VS MUHAMMAD SHAFI PETAL
—-S. 43(F)—Civil Procedure Code (V of 1908), O.XXI, R. 58—Constitution of Pakistan (1973), Art. 185— Appeal to Supreme Court—Appellant had challenged the judgment passed by the High Court, aide which appeal filed by the respondent was allowed an
2001 YLR 2259 KARACHI-HIGH-COURT-SINDH
MUHAMMAD HUSSAIN VS MUHAMMAD AFSAR
—-Ss. 41, 42, 43, 47 & 94—Specific Relief Act (I of 1877), Ss. 42 & 54—Suspending business of a Bank by the State Bank of Pakistan—Jurisdiction—Suit for declaration and perpetual injunction —Maintainability–State Bank of Pakistan by its lette
1992 PLD 353 KARACHI-HIGH-COURT-SINDH
STATE BANK OF PAKISTAN VS JAVAID ARSHAD
- 43-A—Word “appears” used in S.43-A denotes that at that stage there should1be prima facie material to indicate that the offences complained of are likely to have been committed and it falls short of an absolute certainty.
1992 CLC 1126 KARACHI-HIGH-COURT-SINDH
ASAD ALI BILGRAMI VS STATE BANK OF PAKISTAN
Banking Companies Ordinance 1962 S. 43(2)—Joint liquidator —Appointment made without notice either to official liquidator or to the State Bank of Pakistan—Validity—Record did not show as to what were the reasons which persuaded Court to appoint joint liquidator alongwith official liquidator in respect of companies concerned–Appointment of joint liquidator was set aside—Court could, however, if necessary, appoint joint liquidator along; with official liquidator, in accordance with law.
1989 MLD 3552 KARACHI-HIGH-COURT-SINDH
STALE BANK OF PAKISTAN VS AIM INTERNATIONAL
Banking Companies Ordinance 1962 —Ss. 27 & 43–Winding up of firm–Respondent firm which admittedly neither was established for banking business nor was registered as a banking company, was suspected doing banking business illegally–State Bank of Pakistan after serving directive upon said firm, inspected its registered office and after inspection of record of the firm concluded that firm was really doing banking business illegally–Show-cause notice was served on the firm, but its reply was not found to be satisfactory–State Bank after complying with all legal requirements, issued and published declaration to the effect that the firm was transacting banking business illegally–Case having not been contested by the firm, it was ordered to be wound up as an unregistered company and liquidator appointed accordingly.