JAN SHER KHAN PETROLEUM SERVICE versus ALLIED BANK LIMITED
Articles 10 and 22 appeal for leave to defend appeal policy, acceptance of loan from defendants, execution of finance agreement and other compensation documents acknowledged whether executed by the parties or dependent on them by the bank. None of the documents were denied or denied. The convenience of financing and the full benefit of it was recognized that the plea taken by the defendants was the responsibility of the bank's insurance company to pay the defendants and the legal obligation to recover the outstanding dues. And was not subject to the implementation of the insurance policy. Pay all your dues for the bank's claim, regardless of the goods and machinery insurance clause the insurance policy was signed by the defendants, while the bank was neither a signatory to the insurance policy nor such policy There was a clause I could potentially put down. In the event of bank default under the obligation to file a claim with insurance, the High Court refused to interfere with the order passed by the Banking Court, as the application for leave for defense was rightly dismissed. The appeal was recently dismissed.
Related judgments — Karachi High Court Sindh, 2013
