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AGRICULTURAL DEVELOPMENT BANK OF PAKISTAN versus PAK GREEN FERTILIZER COMPANY LIMITED

Banking Companies (Loans, Progress, Credit and Recovery of Financial Issues) Ordinance 1997 Section 9 Contract Act (IX of 1872), Section 133 Guarantees for the Recovery of Bank Loans Against the Approval of a Loan Agreement for Recovery of Bank Loans Clearly performed the obligations and gave them advance consent in clear terms that they would be subject to any variation in the loan case where the defendants / guarantors were fully aware of its implications. Expressed his willingness to disagree with the information and assured them that they would be bound to it, the defendant The guarantors could not claim that this change was without their consent and that they did not enforce the provision of Section 133, Contract Act 1872, as the agreement was modified. The Defendants / Guarantors in the Letter of Guarantee were expressly bound to the Defendants / Guarantors with the express consent of the Defendants / Lenders to the extent of the amount stated in the Letter of Guarantee / Lenders. Was ordered accordingly Pakistan, top advocate family court from Chak 46 lawyer