MST. SALOOMI RANA versus FIRST LEASING CORPORATION LTD. THROUGH ADNAN NASEER
Financial Institutions (Recovery of Finance) Ordinance 2001 Sections 2 (c), 9 and 22 Bank Debt Recovery The borrower or customer alleges that the appellant allegedly possessed certain items that the plaintiff allegedly possessed. The borrower was leased on decree. On the basis of this, the banking court passed against the borrower for payment of the finance and the appellant argued that since he was neither a customer nor a borrower, the order passed against him. It was decided that she could not legally accept the banking court. In the Financial Institutions (Tax Recovery) Ordinance, 2001, an order has been passed against the appellant that was neither a borrower nor a guarantor, if the majority of the plaintiffs were in the process of execution. It shall be entitled to take possession of it, the implementing court that the appellant was, in fact, in possession of the goods and the judgment and decree passed by the Banking Court were upheld. Accordingly the appeal was allowed.
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