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ABDUL HAMEED & COMPANY THROUGH SOLE PROPRIETOR versus BANK OF THE PUNJAB

The principal borrower is allowed by the Development Authority Bank to collect the financing for the construction of the shop through a plot allotment, development authority, which is guaranteed to be repaid, in order to recover the loan amount of Sections 9 and 10. After the payment of the finance, the Authority said that such allotment principal lender was terminated and relinquished its obligation to pay the amount on the basis that after the construction of the shop, it had to provide possession to the authority. Court did not dismiss vacation application filed by principal lenders and legal privilege Denied the authenticity of execution and debt. Contract and security documents were not denied The principal borrower, together with the authority, had mortgaged the shop for the purpose of obtaining finance from the bank's principal borrower regarding the cancellation of such allotment. Such a dispute between the principal borrower and the authority had to be stopped, if any, the bank would demand and recover its finance High Court, with the amendment retaining a non-binding order which, although the joint venture and the authority. Many will be satisfied with the sale of the first mortgaged property, if they are fully satisfied. It was not, then the principal borrower and authority will be jointly and will be responsible to return the remaining amount as a number of words top civil advocates from Bhirya Road lawyer