MUHAMMAD ANWAR versus UNION BANK LIMITED
The powers and jurisdiction of Section 2 (f) and 7 Banking Courts were twice deposited in the Appellant's account which led to the withdrawal of the amount by the Bank Appellant beyond its credit balance. In effect, the appellant has demanded a loan and the bank has advanced to the extent of the excess amount that it is the appellant's case that the transaction is subject to section 2 (c), (d) of the banking companies and (F) not taken under (recovery of loans, advances, credit and financial matters) Act, 1997 was declared invalid. The Appellant's case was settled under section 2 (f) of the Banking Companies (Debt, Progress, Credit and Recovery of Financial Issues) Act 1997 considering justice, equity and good conscience to prevent the Appellant from denying. Liability in connection with such loan
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