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VICTORY CORPN. versus EMIRATES BANK

Sections 22 and 7 of the Limitation Act (IX of 1908), Proceedings for the Recovery of Markup Based Facilities Banking Tribunals Ordinance, 1984 and Section 22 of the Banking Companies (Maintenance of Loans, Progress, Credit and Financial Resources) Act 1997 Running after cancellation. (I) The aforesaid Act provided for the same relief as was available in respect of suits, petitions and other proceedings under the Banking Tribunals Ordinance, 1984, which were given to the Banking Courts under section 7 (6) of the Act, O1 I was transferred After the implementation of the Banking Companies (Loans, Progress, Loans and Finance Recovery) Act, 1997, the Act, 1908, was applied to all cases filed in the Banking Court which apply to section 22 of the Banking Companies (recovery of loans, progress. Restoration). , Credit and Finance) Act, 1997 It is noted that the provisions of the Limitation Act were deemed inappropriate for proceeding on the basis of section 12 of the Banking Tribunals Ordinance, 1984. r The said ordinance stated that all the financing given under the ordinance was based on markup and that the amount received could be received under the said ordinance, there was a limitation period for the proposal which was canceled after the cancellation of the Banking Tribunals Ordinance. Action to retrieve based facilities. Section 22 of the Act is governed by the provisions of subsection (1), which provides for the same limitation relief that was available under the provisions of the Banking Tribunals Ordinance, 1984 in relation to suits, petitions and other proceedings, Transferred to banking. The provisions of the Limitation Act in accordance with Section 22 (2) of Section 22 of the Court Act under section 7 (6) of the Act jobs for advocates from Ghari Dupatta lawyer