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BANK OF KHYBER versus SPENCER DISTRIBUTION LTD.


Sections 3, 9 and 10 provided two loan facilities to the plaintiff-executing plaintiff for the payment of a suit mortgage proof for a bank loan and a lawsuit was filed to recover $ 848 million. Was refused to perform mortgage operations on the property. Her husband executed the attorney general as a guarantor of the documents charged in favor of the bank's legality, but the attorney was not on the record. The bank showed that the documents were signed by a guarantor in 1997, This includes registered mortgage deadline of Rs 100,000. And another mortgage agreement that was awarded $ 155 million, both mortgage documents personally signed and signed by the guarantor, said the defendant would secure the company's financing. High Court approves interim injunction in favor of the bank Rs 155 million and the remaining $ 75 million in connection with the bank's claim to the non-defense leave for financial institutions (Financial Recovery) Ordinance 2001 The guarantor directive amount was given under section 3, subject to payment of funds from that date, when guaranteed The plaintiff for the first time disagreed with his obligation against the bank on request for leave to appear. Permission was granted accordingly

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