KHAN MUHAMMAD TEXTILES (PVT.) LIMITED versus NATIONAL DEVELOPMENT LEASING CORPORATION LIMITED
Sections 9 and 10 of the Banking Companies (Debt, Progress, Credit and Recovery of Finance) Act 1997, in connection with the lease company's key lease deposit with the lenders upon request of the suit to recover the amount owed in connection with the lease finance. I claimed profits. The significant amount of money was part of the contract management between the leasing company and the lenders. The lease arrangement between the parties did not provide any profit on the significant amount of the lease if the significant amount of the lease was deposited against the investment certificate. If leased, the leasing company would have been obligated to pay the lease profit on it. The Company cannot, in the absence of a contract, be liable to pay dividends in connection with the lease key.
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