MESSRS VICKY TRADING COMPANY versus BANK OF PUNJAB
Section 22 Appeal Facts Dispute Investigation The High Court's jurisdiction suit filed against the lenders for the recovery of the bank loan The lenders accepted the bank's approval of the loan facility but it was alleged that the bank Failure to open letter credibility by letter of approval failed to keep borrowers on record at a fixed salary, showing that for each credit, the amount involved was deposited. Before the letter of credit could be opened, the application for leave of appeal was dismissed by the banking court and the decision of the case was made by B. Was in favor of a. The ploy taken by the bank was that it could prove from the record that no payment was made, but the money received by the bank on loan letters was to be sought by the banking court in its defense. Lenders and their opinion, if the defense did not disclose a serious and clear dispute or the Banking Court did not, the actual dispute was not disclosed There was no denying the loan decision approved by the Banking Court and It could not be retained. The court was allowed accordingly to decide the leave application for defense of the appeal
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