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UNITED BANK LIMITED THROUGH GENERAL ATTORNEYS/PRINCIPAL OFFICERS versus MESSRS GOLDEN CERAMIC INDUSTRIES


Section 8 (2) Recovery of interest on judgment loan The bank claimed interest on the judgment loan from the date of default but the banking court approved the interest from the date of institution of the suit. Validity Bank was not entitled under Section 8 (2) of the Banking. The Companies (Debt Recovery) Ordinance, 1979, was in accordance with the judgment and the decree law passed by the Banking Court for the recovery of such interest from the date fixed by the payment date and by a High Court of Appeal Did not ask for intervention. Dismissed in circumstances

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