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BADAR TEXTILES MILLS (PVT.) LTD. versus STATE


Paragraph 10 and 17 of the Constitution of Pakistan (1973), Article 199 Constitution Petition The assessment of securities provided to the lenders on the request that the terms of Circular No. 29 of 2002 set forth in Para 10 were irrelevant. Irrationally and emphasized that its rating operates according to the applicant's prejudice, as its FSV was slightly less than the outstanding amount, making the applicant pay 75% of the settlement amount. The refusal of the applicants was a surprise to the court because even though it was not specified in the petition, the argument was simple, where the forced sale price (FSV) of the forced security was outstanding. If less than, then the equivalent of FSV should be charged for settlement. If the customer has cash, if the FSV was more than the outstanding balance, then the customer will have to pay 75% or more of the outstanding balance to reach the settlement again, however, the FSV was more than the outstanding amount, the estate. The bank committee had the right to order settlement over more than 75% of the outstanding balance. In fact the percentage of the floor will be considered in the case where the FSV was more than the outstanding balance. Instead of the slightest, as in the present case, it was quite common in all the classification cases that matters were encountered on the border line between the separate classes, but this did not mean that the classification was difficult. Was illegal as long as rational standards distinguished the classes. It was formed in conjunction with the object of the law, such classification was also valid and hence it was also classified by BPD Circular No. 29.

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