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MESSRS ITTEFAQ INDUSTRIES (REGD.) THROUGH MANAGING PARTNER versus BANK OF PUNJAB THROUGH DULY CONSTITUTED ATTORNEY

Incomplete statement of section 22 accounts, verification of suit for recovery was filed against the appellant by the bank against the latter in the case of the previous application for financial assistance. The bank was ordered by the trial court to file its appeal through the appellants. Appellants conceded that the statement of accounts submitted by the bank with this suit was incomplete and over time the payment was made by the appellants. From the date of receipt of the finance facility to the full statement of the account till the date of filing of the financing was kept on record by the bank, since the financing facility was based on markup, the bank was not entitled to the appellants. Claim anything more than the outstanding balance from the date of acquisition of the facility to the payment of the appellant's liability to the payment of the appellant's liability was to be worked on, especially of the accounts. Full statement appeal was allowed, circumstance when you need a advocate from Kot Mithan lawyer