WATER AND POWER DEVELOPMENT AUTHORITY THROUGH CHAIRMAN, WAPDA, WAPDA HOUSE, LAHORE versus GULF COMMERCIAL BANK LTD
Banking Companies (Loans, Progress, Credit and Finance Recovery) Articles 7 and 9 of the Ordinance 1997 were subjected to submission of security within one month by the Banking Court in defending the suit exemption for debt collection. , There was a request for an extension of time to provide security. It was rejected on the ground that the applicant / lender could not give reason for the extension of time that the petition filed for extension of time showed that the applicants were given sufficient scope for extension of time. The application was dismissed and the applicants were instructed to offer security / guarantee. Within the appointed time before the Banking Court
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