MESSRS GREEN OIL MILLS THROUGH MANAGING PARTNER versus NATIONAL BANK OF PAKISTAN
According to Section 3, 9, 19 and 22 Loan Recovery Suite Financial Institutions (Recovery of Finance) Ordinance 2001, the supply of markup could not be approved by the court, but only under the fixed funds. Can only pay the price. Section 3 of the Financial Institutions (Recovery of Finance) Ordinance 2001, the lower court erred in that, the High Court amended the decision of the Banking Court and the decree that instead of the markup approval, the bank was entitled to the cost of the funds. Under Section 3 of the Financial Institutions (Recovery of Finance) Ordinance, 2001, the Implementing Court shall, at the time of execution of the decree, calculate the exact amount of the Fund's cost.
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