MEEZAN BANK LIMITED versus WAPDA FIRST SUKUK COMPANY LIMITED
SS 2 (A), 2 (C), 10 financing for the recovery of financing \ financial institution scope The plaintiff obtained the \ SKOK \ certificate issued by the accused \ SKOK \ certificate actually to another institution. They were allotted and later traded in the financial market and the plaintiff obtained the above-mentioned circuits in good faith when the original alteys did not receive payment of the rent against the said certificate. He contacted the defendants and said he had never said that the SKOK \ certificate plaintiff's certificate, therefore, attracted a widely blurred plaintiff that the transaction contained in the SKOK \ certificate meant. The finance was. The Financial Institutions (Recovery of Finance) Ordinance, 2001, and the defendants, who issued the above certificates, were clients in the sense of the ordinance, so the rehabilitation case was a viable matter to be determined. The SKOK \ Certificate of Financial Institutions (Recovery of Finance) Ordinance 2001 became the financial institution providing financial support to the defendants. The distinction must be made between the person who was the financier and the lender, if it was a financial institution, as described in section 2 (a) of the ordinance, then he was entitled to bring the ordinance. Under the lawsuit, but only a holder of a loan, whether or not it was a financial institution, may or may not, in the sense of this ordinance, every financial provider also has a loan, but each borrower does not necessarily have to be a financial institution. Financing as per the meaning of the Ordinance 2001 for the Ordinance for Institutions
Related judgments — Karachi High Court Sindh, 2013
