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KHALID QURESHI versus UNITED BANK LIMITED


Banking Companies (Loans, Progress, Credit and Finance Recovery) Section 9 and 22 Baking Companies (Recovery of Loans) Ordinance (XIX of 1979), Section 6 (1) (a) of Pakistan Ordinance (1973), Article 185 (3) In recovery of damages against bank time, restriction claim, restoration of the effect of the provision of section 22, the alleged applicant in the Banking Companies (Loans, Proceedings, Credit and Financial Transactions) Act 1997 The damage was done in 1980 and the recovery case was claimed to have been removed after the expiry of the distance and at the same time the appeal was dismissed. Turn off the air because of the time it was restored on the basis of the provisions in 22 (1). ), The Banking Companies (Recovery of Loans, Progress, Credit and Finance) Act, 1997, and the case was banned because the applicant had no remedy available before the banking companies (debt restitution, advancement recovery). was not. The Credit and Finance (Act), 1997 legitimate applicant banking companies (Recovery of Loans) Ordinance 1979 could be called by the jurisdiction of the special court under section 6 (1) (a), and this case could be filed because the special court Had jurisdiction over. In connection with a claim filed against a lender by a banking company or by a lender against a banking company where the applicant had such treatment available and failed to avail of it, the applicant filed a clause. Could not file a lawsuit because In section 22 (2), the Banking Companies (Recovery of loans, advances, credit and financial matters) Act 1997 provides for timely application of the applicant's claim.

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