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HABIB BANK LTD. versus UNIVERSAL CARGO SERVICES (PVT.) LTD.


Sections 9 and 10 defy suits for bank loan collection, application for obtaining a finance facility and the execution of documents by the defendant are not denied. 4) Filed not in accordance with the provisions of (Financial Recovery)) Statement of the accounts filed by the Ordinance, 2001, the copy of the ledger retained by the defendant containing the debit and credit entries showing the balance in the bank balance. In return for the validity, the defendant admitted obtaining loan facility and executing the documents. Indications for such interim claim filed by the bank indicate the amount of such interim payment and the payment made by the defendant and the payment received thereon. But the High Court dismissed the leave petition and in the circumstances dismissed the case

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