HABIB BANK LTD. versus SARMAST COOKING OIL LTD.
Banking Companies (Debt, Progress, Credit and Recovery of Finance) Act 1997 Section 10 and 11 Contract Act (IX of 1872), Cancellation of the Contracting Agreement for the Recovery of Section 62 Suite Bank Loan was the old contract job, on which It was considered that the bank's contract to extend the time to pay the borrower's arrears was such that the contract was valid and legal, the parties were bound, interest rates were not denied by the borrower, The case was ordered jointly and jointly against the defendants
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