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UNION BANK LIMITED versus SILVER OIL MILLS LIMITED


Financial Institutions (Recovery of Finance) Ordinance 2001 Section 22 (2) Constitution of Pakistan (1973), Article 185 (3) Section 22 of the Financial Institutions Regular Order of Maintaining an Appeal to Appeal for Regular Hearing (Financial Assistance) (Ordinance 2001), the decision was not yet made when the applicant bank requested that the order was taken by the bank that the execution of the decree was halted and that the appeal was entered at a regular hearing without any Due to the compelling reason that the lender's preferred appeal decision is pending. The determination of rights and obligations was still pending and thus all the priorities mentioned in the application for leave of appeal could be upheld before the High Court where the issue is pending. There has been no decision on the question of maintaining the appeal. The petition for leave to appeal, the High Court, was tiled in a preliminary stage on which the appeal for Lee was not required to appeal against the entertaining interim order and the trial, though provoked by the applicant bank. Was convinced to be dismissed and at this stage the Supreme Court did not need any intervention as the creditors appealed. The High Court is still pending the decision on eligibility and the leave to appeal on the question of retention, which is yet to be decided, was denied.

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