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HABIB BANK LIMITED versus IQTIDAR HUSSAIN SHAH

The Banking Tribunal was ordered by the Banking Tribunal on 96-6 1996 to recover the sums ordered by the Bank, sections 5, 9, 10 and 22 and the closed transaction suit filed by the Plaintiff Bank by the Plaintiff Bank. The agreement was reached between the parties, the bank filed an appeal in the High Court against the judgment and order of the banking tribunal, the defendants resisted the bank's appeal, stating that the banking tribunal's decree Was saved on the principle of past and closed transactions. In the PLD 1996, 672 valid decisions of the Full Bench of the High Court and in the present case, the order was passed before the completion of the judgment of the Full Bench on 21 6 1996 as this decision was passed on 96 1996 and The plaintiff challenged it by filing an appeal. The order, under appeal, did not fall under the circumstances of the past and closed transaction conditions and was not secured within the scope of the entire bank's decision. h The appeal filed by the bank was accepted and the 6-6 1996 order passed by the banking tribunal was held with the result that the re-establishment of the case filed by the bank under section 5 of the financial institutions. Deferred banking will be considered pending before the courts. The Finance of Ordinance, 2001 and the Banking Court will decide the case again after hearing by the parties in accordance with the provisions of the said ordinance. top advocates from Sanjwal lawyer