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NATIONAL DEVELOPMENT LEASING CORPORATION LTD. versus CHAIRMAN, BANKING TRIBUNAL COURT-II,FAISALABAD

Arbitration Act 1940 Section 34 Banking Tribunals Ordinance (LVIII of 1984), Article 5 Constitution of Pakistan (1973), Article 199 Constitutional application for collection of international loans is different from arbitration agreement with suit parties, four other defendants guaranteed Was implemented as. Except for the parties to the agreement, establishing proceedings under Section 34, Arbitration Act, 1940, under the validation of the Banking Tribunal where the parties to the arbitration agreement were different from the parties, the Banking Tribunal acted illegally in stopping the proceedings. ? Through the Banking Tribunals Ordinance, 1984, it was not possible to exercise the exclusive jurisdiction thereby, and thus it was not possible to stop the proceedings and the order of the banking tribunal was without legal authority and had no legal effect. The situation was rejected. jobs for fresh advocates from Hunza Nagar lawyer