SERFRAZ AHMAD MALIK versus NATIONAL BANK OF PAKISTAN THROUGH BRANCH MANAGER
Banking Companies (Loans, Progress, Credit and Recovery of Financial Issues) Section 9 and 10 Financial Institutions of the Ordinance 1997 (XLVI of 2001), Sections 9 and 10, Exempt suit without application on Exit 9 Instead of requesting the bank to file a leave application for defense, the trial court dismissed the case, arguing that the matter was near and closed in the past. The request for leave to appear before the court by the banking court and defense was not in accordance with the provisions of the Banking Companies (Loans, Progress, Credit and Financial Resources) Act 1997 or the Financial Institutions (Financial Resettlement) Ordinance, 2001, the present In this case, Plaintiff disclosed one of the reasons for the proceedings and could cause a disturbance, the Banking Court may consider the application for leave and then the same decision was decided and the decree passed by the Banking Court was separated. The case was remanded for decision in accordance with law, according to which the appeal was allowed.
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