NATIONAL BANK OF PAKISTAN versus MESSRS VICTORY STEEL RE-ROLLING MILLS
Sections 6 (2) and 9 revolve around the cash finance facility, which is acquired through stock pledges and property mortgages, as illustrated in the plan, by the bank. Did not show that any beneficiary of any money was paid a bank guarantee by the lender or paid any money to recover the debt which the present case was filed for recovery. Which was not just a case of suit and suit. In a Cash Finance Limit Account Transaction, the banking tribunal, while deducting certain amount of bank guarantee, recorded the record completely incorrectly, resulting in unexpected decisions and decrees and appeals accordingly. Order edited.
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