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TRI-STAR POLYSTER LIMITED versus CITI BANK


The Banking Companies (Loans, Progress, Credit and Recovery of Financial Resources) Act 1997 Sections 2 (f), 18 (6) and 21 (5) of the Constitution of Pakistan (1973), Article 185 (3) maintain the appeal against the mutual order. Since the Court was acting in a manner similar to that of a special court under section 2 (f) of the Banking Companies (Debt, Progress, Credit and Recovery of Finance) Act 1997, any such order was passed by the High Court under the Act. Was. Neither the Banking Court nor the High Court were in their ordinary jurisdiction where the case was proceeding under the provisions of the Banking Companies (Debt, Advancement, Credit and Recovery of Financial Issues) Act 1997, no appeal was against the Interstate Order. Appeal for leave of appeal under the section 18 (6) of the banking companies for leave of appeal (Loans, Progress, Credit and Finance) Act 1997 was not eligible for hearing.

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