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NATIONAL BANK OF PAKISTAN THROUGH MANAGER versus MESSRS MUJAHID NAWAZ COTTON GINNERS THROUGH PARTNERS


Sections 9 and 18 Mortgage insurance charges related to the mortgage of the property to recover the debt clearly state that in the event of a mortgage failure to pay any insurance premium, the bank will also pay the mortgage. Can receive and execute sentence from defendant The mortgagee's work is not denied, however, by the power of the said clause, defendants may receive insurance charges from the bank, however in addition to the amount of insurance charges. , The staff salary has also been debited. , Inspection charges and other miscellaneous expenses in the borrower's record account show that although all of these charges were debited to the lender's account, the bank did not file any supporting documents so that It may be disclosed that such and such amount was paid by the bank, as a premium to the insurance company, by the mortgagee, and, as such, the amount was paid as salary, any document in the record , Even the primary fee show aid that the above amount was actually given to the insurance company / affiliates, vouchers, receipts or receipts to the bank. Six more documents should be submitted that show that the amount paid was in fact paid to the insurance company Of any supporting documents, the bank was not entitled to recover the said amount only, even in the statement of accounts. The same amount of money, which was not verified by documents / receipts, was rightly denied by the banking authorities. To the bank

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