NAZIR COTTON MILLS LIMITED versus ISLAMIC INVESTMENT BANK LIMITED
Financial Institutions (Recovery of Finance) Ordinance 2001 Sections 2 (c), 7 (6) and 22 Legal Jurisdictions, Recovery of less than Rs 50,000,000, Recovery of Taxes) Ordinance 2001 2001, 308001 Single Judge Implemented I came. The High Court had declared the judgment in the case on 10 June 2001 that the defendants' position was that such cases were filed in the banking court under section 7 (6) of the Financial Institutions (Recovery of Finance) Ordinance 2001 and section 7 (6) of the decree. Had jurisdiction to hear. 10 was without the jurisdiction approved in 2001. A single High Court judge upheld the unconstitutional verdict and ruling on the grounds of oversight and in keeping with the provisions of the Financial Institutions (Recovery of Finance) Ordinance. The Appellate Court of 2001 had set aside the controversial order of this case. There is jurisdiction with instructions to send to the record banking court which was the jurisdictional forum in this case.
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