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MESSRS DADABHOY CEMENT INDUSTRIES LTD. versus NATIONAL DEVELOPMENT FINANCE CORPORATION, KARACHI

Section 12 (2) and AXXIII, R 3 Contract Act (IX of 1872), Section 19 Corporate and Industrial Reorganization Corporation Ordinance (L of 2000), Section 2 (L), 10, 20 8a Schedule to the Pakistan (1973) ), Article 85 ()) The cases filed by the applicant for the return of the mortgaged property and the cases filed by the defendant for the recovery of the lender were dealt with in terms of the Memorandum of Understanding between the parties, Under which the applicant agreed to pay the loan amount in quarterly installments. This is the case in any case by default. The entire principal amount and the interest accrued thereafter will not be paid, the applicant will be paid promptly by the applicant and the respondent will be entitled to file the execution request for the recovery of his applicant; (4) Further payments were stopped after payment of installments and applications were filed under section 12 (2). The CPC, which was rejected by the trial court appellate court, also dismissed the applicants' appeals. The applicant's argument was that the understanding of the memorandum was obtained through misrepresentation, repression, and fraud. It was against the law to resolve such petitions without inquiry, even though the trial court terminated the penalty interest, but the defendant was still charging the same. And that it may refer to the question of widespread dispute regarding respondents' liability, etc., by the State Committee of the Governor of Bank of Pakistan for verification and correct determination / calculation by the verification committee, fraudulent, inaccurate. Had failed to prove allegations of repression and repression. Under section 12 (2) top advocate from Gharo lawyer