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NATIONAL BANK OF PAKISTAN versus FIRST TAWAKAL MODARABA THROUGH TAWAKKAL MANAGEMENT (PVT.) LTD.

Financial Institutions (Recovery of Finance) Ordinance 2001 Section 3 (2), 10 and 29 Banking Companies (Recovery of loans, advances, credit and financial matters) Act (XV of 1997), Section 10 Banking Tribunals Ordinance (LVIII of 1984) , Section 6 Banker \ Books Evidence Act (XVIII of 1891), section 4 section 10, amended application for leave for defense under financial institutions (recovery of financial resources) ordinance 2001, effect defendant's enrollment, section 6 Response to issuing cause notices to them by the Banking Tribunal under 2) Under the Banking Tribunals Ordinance, 1984, Defendants of the case after the Defendants (Recovery of Finance) came into operation after the reorganization of the Banking Companies (Loan Progress, Loans and Finance) Act, 1997. Was treated as a leave request for. ) The ordinance, 2001, did not file an amended leave application for defense within 21 days allowed by the Banking Court, but relied on their response to show cause notices before the Banking Tribunal. What. Importance of an amended application for leave to defend and for defense in accordance with the provisions of this Ordinance to the provisions of the Ordinance used under Article 10 (12), Financial Institutions (Recovery of Finance) Ordinance 2001 It was required that when the request for defense was already pending at the time of the implementation of this ordinance, the defendants would be allowed 21 days to file the amended application for leave. Be fully bound by the provisions of section 10 (3) (4). (5) In the present case, the defendants of the ordinance did not file a modified leave application for defense, best advocate from Mardan lawyer