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AGRICULTURAL DEVELOPMENT BANK OF PAKISTAN THROUGH MANAGER-PLAINTIFF versus MESSRS MALIK FOOD INDUSTRIES LIMITED

Section 2 (c), 9 and 10 of the Contract Act (IX of 1872), section 128 suit for leave on application for loan recovery can be set up against the customer's Definition Guarantee Liability Scope suit against the respondent Come on The obligation of the guarantor / guarantor extends to the original indebtedness, unless it is provided by the contractor and the guarantors are jointly and several creditors obligated to pay the outstanding balance, the guarantor. Cannot associate with the responsibilities given by it. In the absence of a specific cause or any consideration for equity in the execution of the document, a guarantor cannot raise the request that the banker impose liability against the principal before proceeding against the bail. To do Because the bank only offers loans on guarantee and in the absence of a letter of guarantee / loan, the bank may not have approved the loan, the acquisition of finance was not declined. The financing was obtained through a finance agreement, promissory notes, personal guarantees and other documents which were implemented, which were not denied, in the present case, the defendant was the defendant as a consumer. As a result, the defendants' personal guarantees were included in the interests of the defendants. The Financial Institutions (Recovery of Finance) was described in Section 2 (c) of the Ordinance 2001, was able to sue and the defendant's claim for defense was dismissed. divorce advocates from Murree lawyer