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NATIONAL BANK OF PAKISTAN (N.B.P.) versus PUNJAB ROAD TRANSPORT BOARD


Section 9 (1) (2) Civil Procedure Code (v. 1908), OI, R10 Bankers' Box Aviation Act (XVIII of 1891), filed by the insurance company to file a lawsuit in a banking court by Lux Standi Strike on the Joint Suite of The State Life Insurance Corporation was also one of the defendants by some banking companies in the bankruptcy court, as well as claims by the banking companies between the plaintiffs and some of the defendants, and the lawsuit filed was dismissed. To that extent no pressure was given. The plaintiffs' complaint was that the State Life Insurance Corporation had no luxury standing to file a lawsuit before the Banking Court as it was not a banking company as described under the Financial Institutions (Financial Recovery) Ordinance 2001. Was. An account under Sections 9 (1) and (2) of the Financial Institutions (Restoration) Ordinance, 2001, which did not support the statement of an account, which was not legally verified. The Bankers' Box Avoidance Act, 1891, since the books of the insurance corporation were not used by the bank in the ordinary bank, the insurance company could not claim the same sanctity as its account statement, as permitted by a bank. Was. The Bankers Box Avoidance Act, 1891 could not establish a case under section 9 of the Insurance Company Financial Institutions (Recovery of Finance) Ordinance 2001, the absence of legal authority to verify the entries in its books under the Banker's Box Avoidance Act 1891. I. State Life Insurance Corporation has financial institutions (Malaya)

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