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INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN versus VINDER TEXTILE MILLS LIMITED

Sections 39 and 38 of the Industrial Development Bank of Pakistan Ordinance 1961, Code of Civil Procedure (v. 1908), requesting that the applicant (the bank) make an interim order in connection with a residential property in connection with a residential property in exchange for a section 47 loan. The reason for the non-attachment order was disclosed, the court will soon confirm the interim and direct sale of the enclosed property or transfer the concern to the bank or confirm the injunction, however, when the reason for the enclosure was disclosed. If so, the bank will investigate the bank's claim. The provisions of the CPC, as far as practicable, will apply to such operations, however, even after four years, the import machinery has failed to clear the customs. Despite the scarcity of funds and their alleged claim that they have arranged the required funds, they were not abolished, emphasizing why machinery imported from the customs bank could not be cleaned. The statement of account payable by the respondents was submitted, the respondents did not show any valid reason for non-payment of the claim made by the bank under section 38 of the Ordinance, the notice, of any industrial concern. The requirement that he approve any loan or that he is able to pay the debt immediately to any person, Fall for any reasons, it was necessary, to protect the Bank, in the opinion of the Board of Directors. If the interests or in his opinion the business management or industrial concern were not being satisfactorily or the capital of its shares was being damaged, make the interim order invalid. solicitors from Taunsa sharif lawyer