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HABIB BANK LIMITED---PLAINTIFF versus STATE

Section 9 and 10 Bank Loan Recovery Export Refinancing Recovery The request for leave to defend defendants' claim through a repurchase agreement was that consignment, financing matters, were transmitted against certification orders. And the goods were to be transported by cargo. The defendant's banker but the plaintiff's bank failed to export the goods exported by the foreign bank, the goods raised by the defendants were such that the bank was not entitled to recover the loan when it was not disclosed that the bank had ever levied on it. It was agreed that on the waiver of the Bill of Exchange, the Bank did not lose its right to recover the money in a particular way as there was a consensus among the parties at the time of financing that any law or directive of the State Bank of Pakistan was prohibited. Not that export financing can. Such agreements / transactions will not be protected by the parties on the principle of backbone agreement on the principle that WHO is not prohibited by law, legitimate financing, in the present case, was not against the exemption of bills. Rather, it was in accordance with the terms of the facilities of the FAFB and FAPC that were published by the bank in its constitution, no need for the supply of exchange bills because of the financing buyback agreements. The terms were dismissed for leave to defend the suit, the suit was ordered under conditions registration advocate from Takhtbai lawyer