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MESSRS SINDH SMALL INDUSTRIES CORPORATION versus SHAHZADO KHAN


Sections 2 (a) (iii), 7 (2) and 22 Sindh Small Industries and Handicraft Development Corporation Act (XXVI of 1972) Ordinance of Banking Companies, (LVII of 1962), Sections 5 (b) (c) and 27 (1) Civil Procedure Code (v. 1908), O. VIII, R10 Court Fees Act (VII of 1870), Section 13 Suit for the Recovery of a Loan Banking Company and Banking Loan by a Non-Banking Financial Corporation Deletion of Recovery Jurisdiction / Aspirations for Banking Court (Sindh Small Industries and Handicraft Development Corporation) filed a debt recovery case before the Banking Court / Trial Court Lzkr declined jurisdiction because of the abuse of the complainant / appeal a case was found. The plaintiff of the banking company argued that it proceeded to loan and finance matters to various individuals and companies, therefore, it was a property banking company under section 5 (b) (c) of the Ordinance of Banking Companies; There was a company that had a transaction in the banking business. Pakistan and banking means for the purpose of lending or investing, depositing money with the public, payment on demand or otherwise and withdrawing by check, draft order or any other company unless it is licensed. Cannot do banking business. The State Bank of Pakistan's Financial Institutions (Recovery of Finance) Ordinance, given in section 27 (1) of the Banking Companies Ordinance, 1962, was appreciated in section 2 (a) of 2001, the plaintiff / appellant was referred to the banking company. Should not be stated as. Reasons; that it does not accept deposits from the public for the purpose of lending or investing

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