AGRICULTURAL DEVELOPMENT BANK OF PAKISTAN THROUGH MANAGER versus MUHAMMAD KHAN
Section 9 sets aside the judgment passed by the banking tribunal on the basis of the judgment of the past and closed transactions, the decision of the High Court in the case of M / s Chenab Cement Product Pvt Ltd and others v Banking Tribunal Lahore and others. In the case of Chenab Cement Product, the appellant challenged the decision by filing the present appeal, before the decree was passed by the banking tribunal in the instant case, therefore, , The order was not secured under the appeal and it did not. Living in past and closed cases, the judgment and order were set aside by the banking tribunal and the matter was remanded to the Banking Court established under section 5 of the Financial Institutions (Recovery of Finance) Ordinance, 2001, Accordingly the appeal was allowed.
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