PUNJAB STEELS (PVT.) LIMITED versus MESSRS ATLAS LEASE LIMITED
Section 10 Loan Receipts To defend this case, the complaint of the lender of the lease agreement was that the financial institution did not deposit the entire amount through the financial institution which was in accordance with the lender's instructions, non-distribution. The money was paid / deposited in the same way, on any occasion, the lenders did not raise any such complaint, before the financial institution filed a lawsuit, before the Banking Court granted leave to defend the case. Declined and the order was approved by the lender, the lenders accepted and they agreed to the terms of the lease agreement. Was bound. The Banking Court rightly refused leave to defend the case because the borrower did not take any serious or criminal dispute to justify the leave for the hearing and the High Court refused. ? Interfere with the banking court's decision and order
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