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TARIQ MEHMOOD versus ATLAS BANK LTD.


Powers to set up orders under Section 12 of the Financial Institutions (Recovery of Finance) Ordinance, 2001 in Sections 12, 22 and 27 of the Banking Court, rejecting the Defendant's decision to keep the Banking Court decision separate. The court, which passed through the order and the banking order passed against it, rejected the hold, saying that in the present case, the defendant appeared before the banking court and the financial institutions (recovery of finances) Ordinance 2001 Had filed for leave to defend the application under section 12, therefore, it was not worth the current case, because It was not the case of the defendant that he was not properly summoned and due to the fact that the plaintiff could not appear and could not file a leave for defense under section 10 of the financial institutions. (Recovery) Finance) Ordinance, 2001 after passing the order through the Banking Court. The only remedy available to the defendant was to file an appeal under section 22 of the Financial Institutions (Recovery of Finance) Ordinance, 2001, so the defendant had misled himself by filing an application under section 12 of the ordinance so that this order Be deferred. Not appealable under section 27 of the Financial Institutions (Recovery of Finance) Ordinance, 2001, appeal dismissed, in circumstances

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