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INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN THROUGH CHIEF MANAGER versus MESSRS MADNI RICE MILLS THROUGH PROPRIETOR

Section 2 (c) Defendant (one of five defendants) against the liability of Section 12 suit em damages \ and \ user \ scope plaintiffs / defendants for the Recovery of the Bank Loan Act (in 1877). ) Filed a specific performance claim against the defendant's consent to a mortgaged property with another bank, which ruled in favor of the plaintiff that payment was due to the bank, which was the defendant in the first case. , Was subsequently sued against the aforesaid defendant for recovery of the debt. The plaintiff (in the first case) who was the loser of the loan amount Ban Banking court pronounced the judgment to the extent of the defendant, but the plaintiff (in the first case), the court excluded his name from the defendant's row. Because he was not a user. The plaintiff's bank, the plaintiff's bank, asserted that according to the definition of mortgaged in the Financial Institutions (Recovery of Finance) Ordinance 2001, a \ compensator was also a user and, before that, the name of the claimant. Deleting (in the first case), the Banking Court had ruled that the plaintiff's name (in the first case) was not legally enforceable by the Banking Court in view of the definitions of the words \ user \ in the financial companies. The (Finance Recovery) Ordinance, 2001, was allowed to be filed by the plaintiff bank and the case was referred to the Banking Court \ r \ n \ r \ n online advocate from Besham lawyer