MEEZAN BANK LTD. versus FACUS APPARELS (PVT.) LTD.
Sections 131,127 and 129 of the Civil Procedure Code (v. 1908), OI, R 10 Financial Institutions (Restoration of Finance) Ordinance (XLVI of 2001), Section 9 as a party (as a party) to the Claim Restoration Agreement Plaintiff's death sentence issued by the defendant on the grounds that the defendant bank tried to enforce the legal inheritance of one of the defendants in the rehabilitation case, on the basis of the bail, It was held that the said personal guarantee stated that in the event of his death, the defendants' successors would be liable and that the condition was provided in section 131 of the Contract Act, 1872. That the death of the surety canceled the series. Guarantee But only in the absence of contract, the Guarantee Agreement cannot be enforced unless the Guarantee is considered and a Guarantee Agreement must be considered and if the above is considered. If the record is not brought, then the court cannot assume that in this case nothing was mentioned as to what financial benefit the defendant had against him given the guarantee. And was not mentioned. Even if a demand was raised against the deceased defendant in his life, though the deceased defendant agreed that in the event of his death, the bank would have the right to dispose of his immovable and immovable assets, But there was no schedule attached to the guarantee that the defendants / guarantors provided any details of their immovable and immovable assets, and there is a huge difference between the guarantor and the mortgagee. And if
Related judgments — Karachi High Court Sindh, 2015
