MESSRS LONG TERM VENTURE CAPITAL MODARABA versus MESSRS STATE LIFE INSURANCE CORPORATION OF PAKISTAN
Suits for recovering the provisions of Sections 3, 17, 21 and 22, the suit filed by the defendant corporation in the capacity of the appellant / financial institution with the expenditure and expenditure of the fund from the date of payment to the payment complaint. Full order was given. The appellant was only concerned with the expenditure of funds to the financial institution which, accordingly, the approval of the banking court under section 3 (2) of the Financial Institutions (Recovery of Finance) Ordinance 2001 could not be granted by the banking court. Fund award costs in favor of financial institutions and such privileges or benefits were not provided to clients by law
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