INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN THROUGH MANAGER versus FIDA ALI ALLIBHOY
Section 39 Banking Companies (Recovery of Loans) Ordinance (XIX of 1979), Section 6 (4) (a), Proviso and 2 (f) (i) Banking Companies (Loan Recovery, Advance, Credit and Finance Act of 1997) XV), Section 2 (f) (i) Right to Debt The Industrial Development Bank of Pakistan, a banking company, to apply to the District Judge for the recovery of debt raised by industrial concerns, expressly in section 6 (A) (a) Banking Companies (Recovery of Loans) Ordinance, 1979 1979 1979 1979 and therefore the exclusive jurisdiction of section 2 (f) (i), Banking Companies (Recovery of Loans) Ordinance, 1979 Created under The special court, under the provisions of section 6 (4) (a) of the said Ordinance, will not affect the jurisdiction of the District Judge where the banking company has applied for loan recovery.
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