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NATIONAL BANK OF PAKISTAN versus EMIRATES BANK INTERNATIONAL LTD.

By lenders in favor of the Preferred Principle of the Suite Interviewer Bank for the collection of Section 121 loan amount, Section 122 of the Ordinance of Companies 1872 (XLVII of 1984), Section 122 of the Companies The charges were filed under Section 121 of the Companies Ordinance 1984 and such stock was attached in a lawsuit filed by the plaintiff Bank Intervenor Bank as the defendant sold and sold such stock. The amount was reviewed. Once registered under Section 121 (1) of the Ordinance, 1984, any person interested in the property shall be deemed to have notice of such charge from the date of registration and follow the equity law. Equity defects will be listed as a rule according to its date. The first grant of registration was powerful, it is strong, it had better and higher rights because of the plaintiff's bank of the first and equilibrium, in the course of time, while Interviewer Bank later acquired interest in the stock through the testamentary history. In which the notice of the former charge of the plaintiff's bank principal of equity was received before Maxim Q (it has a better title, which was earlier), in the course of time, the preference will be given to the plaintiff bank, which has advance equity. The plaintiff's bank had a better and better right of calculation, favoring the sale amount under the preferential rule under the charge holder (ie, Interviewer Bank). Was arranged. Pakistan, top advocate family court from Killa Saifullah lawyer