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ASIM SHAD versus MS. DINERS CLUB PAKISTAN (PVT.) LTD.

Section 2 (a) and 9 for the Receipt of Receipt, retaining the Defendants' finances that the Defendants fully utilized the Charge Card facility for allegedly failing to pay the outstanding balance Plaintiff's lawyer filed for recovery of money suit Defendants have alleged that Plaintiff is not a financial institution as described in Section 2 (a) of the Financial Institution (Recovery of Finance) Ordinance, 2001 The lawsuit filed by him was not a competent claim by a bank subsidiary, the vibration of the banking business Yu's business could not be assumed, but his business would be limited to the business for which it was specified in the Association's Memorandum of Understanding that the plaintiff was a subsidiary of the bank, a banking company to which the plaintiff was deposed. Was done. Do not become a financial institution, unless the definition of a financial institution included in clause (a) of its section (2) of the Financial Institution (Recovery) Ordinance, 2001 was between the claimant and the bank as stated That the plaintiff in the year 2000 assigned the plaintiff all the rights, title and interest in respect of the book loan charged to the bank. In the year 2002, when it had no right, title and interest in respect of its debt, which was already assigned to the bank claimant. Under the circumstances there was no reason to bring a case against the defendants to recover the money, the party had no cause for action, the case could not be brought in connection with the assignment / transfer loan, the defendant's case was dismissed. online advocate from Daur lawyer