MUHAMMAD ARSHAD versus CITIBANK, N.A. THROUGH ATTORNEY MUHAMMAD SHARIQ BUTT, MANAGER
Section 9 Negotiable Instruments Act (XX8 1881), Sections 20 and 118 Bank Debt Receipt Documents were to pay the total outstanding dues in 60 installments and they paid 10 installments when the bank filed their lawsuit. Adjusting the amount paid in 10 installments reduced the borrower's liability enough to state the fact that the contract was not only executed and signed by the lenders but they were implemented. This installment was due to be submitted to your account. The High Court ruled that the borrower did not execute the agreement with the bank even if it was taken that the documents were signed when they were vacant, Sections 20 and 118 of the Negotiable Instruments Act. The Banking Court did not face any legal error in deciding the fact, authenticity and enforceability of the documents, which prevented the borrower from legal challenge in view of 1881 and the High Court dismissed the appeal.
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