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BUSHRA KHIZAR versus CITIBANK N.A.


The Banking Companies (Debt, Progress, Credit and Recovery of Financial Issues) Ordinance 1997 Section 15 and 21 of the Contract Act (IX of 1872), Section 73, had no basis for record of the recovery of the loan amount with unlawful damages Nor was there any justification for any justification. The bank could not justify its claim for damages granted to the appellants in this case. The banking court had allowed partial appeal of such claim, amending the order. And thereby reduced the amount of contingent damages. Banking Court

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