INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN versus TRANSMISSION ENGINEERING INDUSTRIES (PRIVATE) LTD.
Section 39 (3) of the Civil Procedure Code (v. 1908), section 151 claim of the bank, enforcement of property affiliation was pending suit against lenders for non-issuance of pre-conditions showcase notices, in connection with the recovery of credit facility and the bank. Enforce the claim, the properties of the surety were enclosed under section 39 of the Industrial Development Bank of Pakistan Ordinance, 1961 the borrower demanded the withdrawal of the enclosed order. The bank demanded that the petitioner file a petition filed by the lender. Section 39 (7) was beyond the specified period. Issuance of appropriate showcase notice under section 39 (6) of Industrial Development Bank of Pakistan Ordinance, 1961, Industrial Development Bank of Pakistan Ordinance, 1961, required for application of section 39 (7) of Industrial Development Bank of Pakistan Ordinance, 1961. The condition was. , Which was not a standalone provision but was a continuation of a process initiated under the previous Sec. On39 (7) of the Industrial Development Bank of Pakistan Ordinance, 1961, cannot be denied without a proper cause notice, and this was itself an absolute absolute decree and such order was passed against the property. had gone. Under section 39 (3) of the Industrial Development Bank of Pakistan Ordinance, 1961, an order was issued to attach the property of the surety, and in any case the order to be attached was a show cause notice in terms of section 39 (6). Was not as needed. ) In compliance with the requirements of section 39 of the Industrial Development Bank of Pakistan Ordinance, 1961, of the Industrial Development Bank of Pakistan Ordinance, 1961, after which the order of attachment can be withdrawn, the High Court reverses the order under which Guaranteed
Related judgments — Karachi High Court Sindh, 2012
