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MASHREQ BANK versus MESSRS NAZIR COTTON MILLS

Section 48 Declaration of Banker and Customer Episode, Implementation of Installment Rules, In the present case, there is a penalty clause, giving the decree holders the power to demand similar clauses in default. Such clauses are, of course, for the benefit of the decree holder. , The borrower may process this decree for the full amount in default of payment of any installment, however, as long as the decree holder chooses not to delay payment, And it was received without objection, it is a waiver of its right to renounce the right to a right at the right time means that the deliberate abandonment of a right person is due to a well-known waiver. Deliberately may be entitled to leave either consisting of a positive action related to abandonment or conduct, such as a guarantee of a right waiver He is, it was not before, to forgive claim or right, or forward. registration advocate from Naukot lawyer