MUNIR FLOOR MILLS versus BANKING COURT NO.II, LAHORE
Sections 9 and 2 (1), CL (G), Sub-CLs (A), (B) and (C) Constitution of Pakistan (1973), Article 199 Constitutional application to move immovable asset components to sub-circles (a), ( B) the maintenance of non-performing assets and the restoration of industrial projects (legal proceedings) Ordinance, section 2 (1) of section 2 of 2000 (c) and (c) have to be present simultaneously. If a financial institution has an asset on the books, then Article 9 of the Ordinance is available only to the financial institutions and their users in respect of non-performing assets and otherwise the Ordinance is treated as a non-performing asset. To deal with any non-performing asset under, such immovable amount must be paid in excess of Rs 30 million in clause (c), CL (g) of sub-section (1) of Ordinance 2 (1) of section 9 of the Ordinance. It should, therefore, be available only if the amount involved is more than thirty million rupees
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