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PRIME GLASS (PVT.) LTD. versus NATIONAL BANK OF PAKISTAN

Banking Companies (Recovery of Loans) Ordinance 1979 Section 6 Constitution of Pakistan (1973), Article 199 Constitutional application for collection of loan pending suit, selling off part of the defendant / lender mortgaged property with leave of court Deposits the proceeds from the sale of the property to the Bank Court. Approved the preliminary injunction without adjusting the amount deposited by the defendant / lender Said the money by the defendants / lenders under the court order passing the preliminary injunction against the defendants / creditors and the bank. Earlier deposits, while receiving the money, promise that the money should be prepared or adjusted only according to the orders of the High Court, but the bank, the defendant / borrower's two small accounts and the borrower Instead of adjusting the accuracy of the original account, the amount used against the payment in the third account is against While the money deposited by the lender is still in the jurisdiction of the court, the defendant / lender can legitimately use the money against the principal amount to refuse the bank, even for settlement of the account under the beneficiary scheme. To adjust, the High Court had declared its exercise of constitutional jurisdiction illegal. best law firm from Shangla lawyer