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MESSRS FINE TEXTILE INDUSTRIES THROUGH MANAGING PARTNER versus HABIB BANK LIMTIED, FAISALABAD


Sections 9 and 10 bankruptcy court allowed the banking court to submit a leave application and a specific leave to satisfy this case because of the non-fulfillment of the conditions imposed by the Grant Banking Court High Court. Subject to collecting some money within the date. The lenders did not deposit the money, consequently the order of leave was not withdrawn by the banking court, nor before the banking court, nor before the division bench of the High Court, even the creditors. There was also a word from the source explaining why the condition imposed by the banking court was maintained. The lenders were not complied with but failed to provide any reason for not complying with the condition that there was no law error in the judgment and decree passed by the High Court or in fact the appeal was dismissed.

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