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MUHAMMAD NAEEM BHATTI versus UNITED BANK LIMITED


Sections 9, 10, 14 and 22 sued the principal borrower and the guarantor after the submission of title documents to collect the debt, and the implementation of the registered mortgage deadline was further deposited. Was protected by fraud. The hypothecated stock was destroyed by a fire in one of Gordon's warehouses and the bank applied for an insurance clause, but the insurance company denied claims of defamation in the event of a fire under the insurance clause. The basis for this should not be to restrict the bank from collecting money only through the aforesaid process, especially when the insurance company refused to pay the insurance claim on the basis that the fire incident was vandalized and that claim There was no authenticity. The claim that because of the act of God, the borrower was relieved of this obligation and thus relieved the borrower as a guarantor / mortgage.

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