NIB BANK LTD. versus PRESIDING OFFICER, DISTRICT CONSUMER COURT, SIALKOT
Section 27 Financial Institutions (Recovery of Finance) Ordinance, 2001 (XLVI of 2001) Section 7 jurisdiction of the consumer court in relation to matters between a financial institution / bank and its consumer user / complainant in which they claim He wants the defendant to sue the bank. The bank paid all the installments of the auto lease received from the bank, however, despite repeated requests, the bank did not release the vehicle registration book and banned further transfer of vehicle ownership. Bank / Consumer Payment said that the matter falls under the exclusive jurisdiction of the Banking Court under the Financial Institutions (Recovery of Finance) Ordinance 2001, and the consumer court had no jurisdiction over the matter. Regarding the jurisdiction of the consumer court, the bank was raised by the consumer court before giving the consumer court jurisdiction, giving the complainant / consumer the power to strike the particular circumstances of the situation n
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