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QUETTA SILK CENTER versus MUSLIM COMMERCIAL BANK LIMITED


The Financial Institutions (Recovery of Finance) Ordinance 2001 Sections 9 (5), 10 (1), 12 and 22 for refusal of the Ex-Partisan Banking Court to recover the loan amount were denied such order. Appellants should have knowledge of lawlessness. The legal status of the publication of the summons in the newspapers shows that as required by Section 9 (5) of the Financial Institutions (Recovery of Finance) Ordinance 2001, the Banking Court has, through all modes of service, including the publication of the summons in leading English. Had issued a summons. And in the Urdu journals neither the acknowledgment record was found on the receipt of the letters containing the summons by the appellants nor the letters received to the court which was not disclosed by the courier agency in the court envelope report. Was sent along, as it is outside of our service area. Neither was served by the Belfast Court of Court nor by registered post confession nor by courier service Urdu newspaper W because there was no wide circulation, but it was a local circulating newspaper and it was also related. Inside the district, while the appellant's address was that other district publications were issued in the newspaper, the law was not done according to law. And the Appeal was properly upheld by the provisions of section 9 (5) of the Ordinance High Court, rejecting the decision / decree while filing a leave petition to defend the case before the Banking Court. Appeals were granted 10 days.

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