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AL-JIHAD TRUST (REGD.) versus HOUSE BUILDING FINANCE CORPORATION


House Building Finance Corporation Act 1952 Section 24 (20) [as amended by the House Building Finance Corporation (Amendment) Ordinance (LXV of 2001)] Constitution of Pakistan (1973), Article 199 Constitution Petition Debt Restoration Partnership Scheme, Introduced by the Council of Islamic Ideology Applicable Federal Shariah Court declared the provisions of Section 20 of the House Building Finance Corporation Act 1952, the Supreme Court upheld the violation of the integration of Islam decision passed by the Federal Shariah Court. And the date of the deduction was given by the Supreme Court. The court had complained that the applicants' decision to proceed was that the benefit of the Compensation Scheme was not extended to them. Authorities say the benefit will be available to applicants from the cut-off date, as determined by the court in its decision. The matter was dealt with in its judgment, observing that a date is set for the decision to be implemented and, in the meantime, the Supreme Court directed the authorities to settle past matters and provide interest payments to the House Building Finance. The Corporation Act 1952 declared the merger of the Amendment of Islam, which came into force under the Supreme Court's decision. The Court Demanding Partnership Scheme applied to applicants' cases. The High Court directed the authorities to pay the applicants and pay the purchase installments in accordance with the procedure laid down in section 24 (20). The Building Finance Corporation (Amendment Ordinance (LXV of 2001)) of the House Building Finance Corporation Act, 1952, the High Court further directed the authorities to repay the loan according to the calculation under the Definition Partnership Scheme.

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