MESSRS SUPREME TRADING CORPORATION versus HABIB BANK LTD.
The suit appeals for recovering the provisions of Sections 9 and 21, the defendant, who is a proprietary concern, who was the principal borrower, opens a current account with the plaintiff's bank, which is run by his general manager. , Who was the principal borrower's guarantor, also maintained a mutually existing account. The bank was also operated by the same person who signed the documents to obtain financing from the bank for the principal borrower defendants / sponsors, for the finance used and used by the principal borrower. Implemented personal guarantees, as well as prepared the appropriate mortgage by submitting the original title deeds. The Property Bank established a Letter of Credit from the principal borrower with the guarantee of securities, and the principal borrower failed to pay the money under the Letter of Guarantee, as well as the exchange of bills. A lawsuit was filed against principal lenders and securities for which the order was fixed by the Banking Court regarding the amount of money levied by the bank's principal borrower. Did not refuse to take advantage and only guarantors questioned their responsibilities on this question. That is, the documents were collected only in respect of the services they received and not in respect of the utilities. Principal borrower Burden used to prove that the property was not charged in connection with the funds provided to the principal borrower, that the defendants / guarantors
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