TANYA KNITWEAR (PVT.) LTD. versus UNITED BANK LIMITED AND OTHERS
Sections 15 (11) and 27 Corporate and Industrial Reorganization Corporation Ordinance (L of 2000), Section 10 (1) and 19 State Bank of Pakistan BPD Circular No. 29, Dated 15 10 2002, CLS 7 and 9 ( iii) Reference by CBI to dispute with the Corporate and Industrial Reorganization Corporation (CIRC) by the Banking Court for its settlement under the State Bank Circular No. 29 of 15 15 10 2002 by the borrower against the bank. CIRC was invited by such scheme to avail and avail under the RC Settlement Scheme. Settlement against non-performing assets pursuant to State Bank Circular No. 25 Once the policy is announced and publicized through public notice, all subsequent matters have to be dealt with in accordance with this circular.
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