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HABIB BANK LTD. versus ASGHAR ALI.


Banking Companies (Recovery of Loans) Ordinance 1979 Section 7 Contract Act (IX of 1872), Accepting certain amount in complete and final settlement with Plaintiffs / Bank Defendants / Lenders to recover the debts of Sections 134 and 135 Was fixed but not all written balances from the claimant / lender to the claimant / bank were written in and it waived all interest where the defendant / guarantors were sued where The defendants / lenders were borrowed from all loans or were discharged from all liabilities. The facilities provided and as there was no claim against the plaintiff / bank defendant / borrower, the defendants / guarantors will also be exempt from all liability in respect of guarantee guarantee so that the respondent / Secure the loan offered to the lender. Excluded accordingly

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