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ARY TRADERS (PVT.) LTD. versus MULSIM COMMERCIAL BANK LTD.


Section 2 (C) (D) (E) (F) and 9 Financial Institutions (Recovery of Finance) Ordinance (XLVI of 2001), Section 2 (C) (D) (E) and 9 West Pakistan High Court (Establishment) ) Order (XIX of 1955), para 5 suits against the bank, such facts not available in their account relating to debt or financial matters could not have been determined by the plaintiff as a lender or consumer, but only Such a dispute of a foreign currency account holder may be construed as a settled dispute, in the fulfillment of any obligation with respect to any debt or financing. Such a case can neither be processed under the jurisdiction of the Banking Court at the time of its institution nor at a later stage. The High Court directed the office to consider and prosecute such case in accordance with its original civil jurisdiction.

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