Find a Lawyer

MESSRS BUKHARI AGRITEK (PVT.) LIMITED THROUGH DIRECTOR versus AGRICULTURAL BANK OF PAKISTAN

Sections 9, 7, 3 and 22 of the Banking Tribunals Ordinance (LVIII of 1984), the Section 5 Contract Buyer's Fund Principle Suite for collection of liabilities, in the present case, when the Banking Tribunal Ordinance 1984 came into force. Section 3 of the Financial Institutions (Recovery of Finance) Ordinance, 2001, had no provision for the acquisition of additional liabilities beyond the terms of the buyback agreement through the cost of funds, claimed long before the suit was issued. had gone. He said that in the present case, the funds were extended under the backbone agreement dated 15th 1987, not under the backbone agreement found in this case nor under the Banking Tribunals Ordinance, 1984, Action was initiated to recover the dues. There was room for cost of funds; the provisions of section 3, Financial Institutions (Finance Recovery) Ordinance 2001 were not in accordance with the nature of the provisions because the provisions had a specific responsibility for the default consumer / decision. There has been an imposition that nothing in the express provisions of section 3 of the Ordinance has been proposed in the previous application, nor has the law supported the fundamental responsibility of the Section 3, Financial Institutions (Recovery of Finance) Ordinance. 2001 was not relevant, in fact, the funding provision was not applicable in the present case. top advocates from Jalozai lawyer