MESSRS HOTEL KASHMIR PALACE (PVT.) LTD versus FIRST ELITE CAPITAL MODARBA
Implementation of the Constitution of Pakistan (1973), Article 185 (3) Rule, Establishment of security in the form of mortgage Application against investment type interim order of the High Court approved. The borrower was that the bank was earning a fixed amount of profit, which was in fact an interest and it was not valid under the type of investment, and that the current affairs were for the execution of accounts which did not and The borrower had already provided sufficient guarantees / protection by the borrower in the form of a mortgage on the building that the condition of furnishing bank guarantee was sufficient to recover the balance.
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