EMIRATES GLOBAL ISLAMIC BANK LIMITED versus MUHAMMAD ABDUL SALAM KHAN
Sections 2 (d), 2 (e) and 10 finance, meaning abortion meaning words charity notification financing agreement whereby the consumer must make certain payment to the charity in case of delay in payment or delay in payment. Given the legality for the recovery, the defendant claimed to have received the money from the plaintiff and the markup as well because the plaintiff claimed that the defendant was responsible for paying the above amount in view of the agreement between the parties. , In which it was stipulated that the defendant delayed or defaulted, the defendant had received an amount of the outstanding balance for the default period. The promise to pay a percentage of the charity fund is defined in section 2 (d) of the Financial Institutions (Recovery of Finance) Ordinance 2001, any facility or accommodation which was not included under section 2 (d) of this ordinance; Cannot claim to be and is not financed under the Financial Institutions (Financial Recovery) Ordinance, 2001. The party was charged with breach of any obligation which was stated in the ordinance as neither the Finance Charity nor the Ordinance S Department was able to finance 2 (D). Elsewhere, the essential feature of finance in the ordinance was that in some form the ordinance was provided by the financial institution in some form as described in section 2 of the plaintiff's bank, in the present case, any amount or Instead of facilitating, in case of delay in payment to the respondent or delay in default, the defendant is compensated at the rate fixed in the name of compensation.
Related judgments — Karachi High Court Sindh, 2013
