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SIDDIQUE WOOLLEN MILLS versus ALLIED BANK OF PAKISTAN

Sections 9 and 10 of Pakistan (1973), Article 185 (3) Defend the Bank Debt Recovery to Defend the Debt The Borrowers' Refusal to Hold Borrowing Equipment by the Bank What, except in the application that the bank had illegally retained the borrower's goods, the banking court ruled in favor of the bank and the judgment and order were upheld by the creditors' High Court Playhouse. The raw material imported by them is with the bank. Which caused the lenders to suffer. The borrower's legal status did not independently constitute defense in his favor, nor did it give rise to a good dispute between the parties, because in such cases the court was required to investigate the obligation. And thereby acknowledging his approval. The question of maintaining the losses by the lenders due to the lending bank's behavior can be solved in another forum rather than claiming relief on the SO. The banking court can, on its own, obtain the defense of the debtor only if the bankruptcy court has exercised its jurisdiction under Section 10 of the Companies (Loans, Advancement, Credit and Recovery of Finance) Act 1997. An important dispute has been disclosed. The lenders did not deny their obligation against the bank, therefore, the banking court correctly approved the decision and the judgment, which was left for appeal to the High Court, was denied. when you need a advocate from Chowk Maitla lawyer