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SAUDI-PAK INDUSTRIAL AND AGRICULTURAL INVESTMENT COMPANY (PVT.) LTD., ISLAMABAD versus ALLIED BANK OF PAKISTAN LTD., LAHORE

Appeal Against Section && App of Banking Tribunals Orders Sections Sec Appeal against Judicial Banking Tribunal Plaintiff was extended to the plaintiff, with another markup to the defendant through markup at a unanimous rate. Payment was made within 12 months. The said bank issued a guarantee in which the payment was not made after the expiry of the due date, the plaintiff requested the bank guarantee and filed a claim with the Guarantor Bank through the collection of money, the banking tribunal. The plaintiff was found to have failed to file his claim within the due date. By guarantee and that the surety bank was not liable to pay under the bank guarantee Guarantor Bank specifically mentioned in the bank guarantee 10 3 1991 for filing the claim while the claim was made by the plaintiff in 1899 1991. Was issued by Guarantor Bank on 18 3 1990, valid till 15 am in 1991, Plaintiff received payment for 12 months on 18 3 1990 which was payable on 18 Trib 1991, which the Banking Tribunal took The assertion that the claim was required to be filed by 10 3 1991 and thereafter no claim was entertainable was based on the incorrect assumption that the guarantee period was till 10 3 1991 even if the bank guarantee I mentioned a date before the validity period that will not exclude its guarantee of guarantee is a mere convenience mode of filing a claim before the validity period expires Bank Guarantee 18 3 1990 to 12 For a period of months, the obligation of the surety bank could not be excluded before 1891 1991. The claim made by the plaintiff under the im rights filed by the plaintiff after 1991 was reasonable and the sustainability guarantor bank law advocate for immigration from Head Marala lawyer