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BOLAN BANK LIMITED versus BAIG TEXTILE MILLS (PVT.) LIMITED

The Financial Institution (Recovery of Finance) Ordinance 2001 Section 10 Contract Act (IX of 1872), section 126 suits the bank for a defense against the bankruptcy petition for the recovery of money against the defendants because the guarantees of the guarantors That is, they never acted on personal guarantees. ; And that one of the defendants, after he withdrew from the management of the company, had obtained financial assistance by forfeiting the validity of the documents. Such defendants had unequivocally denied the execution of the guarantees; at the relevant time, he was the director of the defendant's company and executed such capacity guarantees and nothing on the record of standing guarantees was made. Was not brought in to show that either the bank's guarantees were fraudulent or that the defendants were compelled by the other defendants or the bank to comply with the guarantee that the documents were forged by the defendants. There were. The defendants had no influence on the matter, as it was not alleged that the bank had raised the same dispute over alleged misconduct by the management of the company and the private persons seizing the property by the defendant. , Which was not the subject of the current action. , And the banking court was not the forum for the determination of such decisions. Defendants, under the dispute, said that defendants had denied e-guarantee guarantees, neither the statement of accounts nor financed by the defendant company. Taking advantage of the facilities, being confused with the implementation of the documents imposed by them through the implementation of their personal guarantees and other documents. divorce advocates from Ali Chak lawyer