ABAID ULLAH versus STATE
Banking Companies (Debt, Progress, Credit and Financial Affairs Recovery) Ordinance 1997 Banking Companies (Loans, Progress, Credit and Recovery of Financial Issues) Act (XV of 1997), Section 2 (b) of the General Clause Act of 1897 X), a suit for the collection of Section 6 loans, which exceeds Rs. 30 million, the jurisdiction of the High Court to entertain, hear and decide such matter, the rights canceled under the act / ordinance effect, The new Act / Ordinance on the issuance of banking companies (Debt Recovery, Advance Credit and Finance) Ordinance, 1997, under which the case for debt collection was established. , Section 28, Banking Companies (Loans, Progress, Credit and Recovery of Financial Issues) Act, 1997 was repealed. Which came into existence during the life of the Ordinance, therefore, the rights created under the canceled Ordinance will remain under the Act Banking Courts as set forth in Section 2 (b) of the Act, including the High Court in these cases. Where the amount exceeds Rs. 30 million. The High Court was thus constituted under Act XV of 1997 and Ordinance XXV of 1997 and had jurisdiction to prosecute such cases.
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