ASKARI BANK LIMITED versus WALEED JUNAID INDUSTRIES
Under Section 9 and 10 of the Contract Act (IX of 1872), Sections 151, 152 and 176 of the Cash Finance Facility, the suit bank is requesting that the defendant (the consumer) be mortgaged. Stolen Goods According to Sections 151 and 152 of the Contract Act, 1872, the Bank may, in such convenience, be able to hand over the mortgage to the Bank for payment of its value; the Bank is guaranteed goods, against payment. Was obligated to repay the lender / guarantor. In the event of failure to repay the loan, and so on, the bank will have to make adjustments to the stolen or lost goods until it can be proved that the mortgaged goods are not looked after like a common man. That is, pursuant to section 176 of the Contract Act, 1872, the defendant may file a lawsuit to recover his debt without selling the goods, but ultimately the loan order will be settled in the absence of a personal liability agreement with the bank. From sales. The responsibility for the stolen goods will be fixed and only after the evidence is recorded can the fixed party be fixed, and until then it can be speculated that he, like any ordinary careful person, may have Were unable to care. Law and facts High Court allows defendants to unconditionally defend case \ r \ n
Related judgments — Lahore High Court Lahore, 2012
