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UNITED BANK LIMITED versus SHAFIQ HANIF (PVT.) LTD.

Section 2 (3) and 15 suits of the Banking Companies (Loans, Progress, Credit and Recovery of Finance) Act 1997 not only confessed to the borrower to recover twice the amount that he received the payment twice. Yes, but part of it was also paid to the lending bank lenders who failed to pay the balance amount with markup on the matter, claiming the bank filed a claim. In the banking companies (Funds, Debt Maintenance, Recovery of Loans) Act 1997 and accordingly, the applicable credit limit is borrowed within the scope of the initial finance. Apply was the, which includes not only accommodation or facilities, hire purchase, equity, cooperation, lease, rent sharing, licensing, etc., but it includes. Guarantees, Compensation, Letters and any other liability Double payments will also fall under the purview of the Finance as stated that the amount owed to the borrower was not due to anyone else and double to the borrower. In connection with this, the claim of the creditors' free transaction was made under the definition of finance and the lending bank may recover the amount which will be decided in accordance with sub-section (1) of the trial court (b). Section 15 of the Banking Companies (Loans, Progress, Credit and Finance) Act 1997 best advocate from Kashmore lawyer