KOHINOOR FIBRES LIMITED versus FIRST U.D.L. MODARABA
Banking Companies (Debt, Progress, Credit and Financial Issues Recovery) Act 1997 Section 15 and 21 Banking Companies (Loans, Progress, Credit and Collection of Financial Resources) Act, 1997, payable in installments in 5% of the scope banking court. Before using the option of payment of installments in respect of installments, the relevant banking companies will have to get detailed and reasonable opinion in writing for the purpose where there was no scope of installment before the High Court, Not to mention the opinion or consent of the bank was sought by the High Court
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