HABIB BANK LIMITED versus PAK POLY PRODUCTS (PVT.) LTD.
Sections 3, 17 and 22 allow the cost of funds in the Civil Procedure Code (v. 1908), section 47 suit fund expense grant decree to recover debt under Sections 3 and 17 of the Financial Institutions (Recovery of Finance) Ordinance Given. 2001 Determining the Cost of Funds by the Executive Court The Executive Court approved the banking court's order, approving the cost of the funds from the date of the institution of the suit, under which the cost of the funds was determined by the date of the institution of the suit. And not from the date of the bank's defense to the collection of money, as bank banknotes claimed, under section 3 and 17 of the Financial Institutions (Recovery of Finance) Ordinance 2001, the cost of bank funds. Was entitled to the grant of default from its date of origin, neither from the date of the institute of suit nor the date of default Was considered as a cold which was not allowed markup by the banking court respondents. It was claimed that the cost of the funds could only be deducted from the date of the institution's suit from the defendant and the date prescribed by the banking court was not made under the provisions of Sections 3 and 17 of the Financial Institutions. Under the Finance of Ordinance, 2001, the cost of consumer funds will be paid from the date of default to the payment of the costs of the funds certified by the State Bank of Pakistan Banking Court while approving the bank's order. Funds were provided under Sections 3 and 17 of the Ordinance, although the date specified in the order was not mentioned, however, the due date was specified in the manner that after that date To be received
Related judgments — Lahore High Court Lahore, 2013
