MUSLIM COMMERCIAL BANK LIMITED THROUGH CHIEF MANAGER AND PRINCIPAL OFFICER versus JUDGE BANKING COURT NO.2, FAISALABAD
Sections 10, 13 and 22 (6) challenging the Banking Companies (Debt, Progress, Recovery of Credit and Finance) Act (XV of 1997), Section 10 Constitution of Pakistan (1973), Article 199 of the Banking Court to the Banking Court Order to be issued to the defendants / lenders in their discretion to grant leave to defend the suitability liberty, so that the leave application to defend the case under section 22 (6) of the financial institutions Be rejected or rejected, 2001 allowing constitutional applications to be filed against such orders and that too, by financial institutions. Would be equivalent to defeating the will of the financial institutions and repealing the provisions of the Financial Institutions (Rehabilitation) Ordinance 2001, as cases related to financial matters have been demanded immediately. At the conclusion of the trial before the banking court, the recovery of funds and the restitution of public funds by some unsympathetic consumers was decided against the applicant bank, then the financial institutions (recovery of finances). Section 22 (1) of the Ordinance 2001 will have the right to appeal, under which all the grounds raised in the constitutional petition will be available to the bank before the Appellate Forum. The deferred order merges into the final order and can be apprehended before the appellate court. The unclean order was neither approved nor exceeded by jurisdiction, nor was the banking court's use of discretion to appear arbitrary, unrealistic or to defend the law. Defendants respond to suit on 1-1 2002 against recognized principles
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