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MESSRS NENSER DRUGS (PVT.) LIMITED versus THE BANK OF PUNJAB


Defendants filed an application for leave to appear for a holiday claim to appear for suit for securing loans for Sections 7, 9 and 21, but the banking court said and was excluded, despite the defendants having serious Raised facts and legal objections. Provided that the application of Section 10 of the Banking Companies (Loans, Progress, Credit and Recovery of Finance) Act 1997, if serious and wrong dispute was raised, the defendant should have been allowed leave to appear and defend. And the absence of objections and account statements about the legality of the dispute in matters relating to the facts of the dispute, on the basis of which the court should have granted the defendants leave, if the court were not inclined to do so. Take action against the plaintiff's bank not to terminate the account statements, then at least, the defendants were asked to file an amended leave request, so when the account was submitted after an incomplete court denied the leave. When requesting a statement regarding the statement, he did not consider the defendant's contents regarding the payment and payment chart and the defendants were allowed to file a modified leave request, only in this To the extent of challenging stats and not allowing them to raise any application in any way whatsoever, Within a month, the Banking Court will decide the request for leave

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