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HABIB BANK LIMITED versus MESSRS ZUCHINI INDUSTRIES PAKISTAN (PVT.) LIMITED

Sections 7, 9 and 16 of the Civil Procedure Code (V8 1908), suit against the borrower OXXXX, Rr 1 and 2 and the Guarantors Bank move request for approval of interim relief for preparation of local commission. ????? Inventory of machinery, installations, stock, etc., which was allowed but the defendant's request for annexation of the defendant's property, did not pressure the bank to prevent the defendant from separating all those properties. , Who were mortgaged or mortgaged and were hypnoticated with the bank and the subpoenas would be prevented from covering the two TDRs mentioned in the two petitions, as far as the respondents / mortgages were concerned. As regards the restriction on the sale of deferred property / assets, the applicant / bank was its first case, because, admittedly, it was stated that the property was securities for payment of taxes, and thus if at the time of trial. , They are allowed, apart from e, the bank will suffer irreparable loss and The balance of the facility is also against the competitor and the defendant of the bank, therefore, the defendant was prevented from separating the said property in any way, without obtaining any prior permission. The High Court Bank has no details of collateralized property, the bank cannot be covered by multiple injunctions, preventing the guarantor from transferring or separating any of their property / assets, so to that extent , The relief claimant bank was denied that the defendant's (property) property / assets were substantially more than the bank's claim, the High Court ruled. lawer from fb area from Feroz Watan lawyer