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HABIB BANK LTD. versus MANSOOR YOUSUF

Section 9 Companies Ordinance (XLVII of 1984), Section 318 Contract Act (IX of 1872), Recovery of Section 130 Money Back Guarantee, liability of suit filed by the bank was excluded on the basis that the borrower The company was injured and a partial payment was made by the state lecturer. The amount available to the bank is that the guarantors were obliged to pay the dues to the guarantors, which began on the date of the cancellation of the guarantee under section 130 of the Contract Act, 1872, or through the guarantee. Guaranteed for advance payment facilities for companies guaranteeing demand notice on failure to pay, company guarantees were not canceled on any occasion, this case could not be prosecuted against ordering the company injured. Has become responsible for terminating obligations on the basis of guaranteed guarantees and the Company Ordinance, 19 Entitled under section 318 of 84. Claiming payment from a company liquidator registration advocate from Hujra Shah Muqeem lawyer