IMRAN ALI SOOMRO versus SAUDI PAK LEASING COMPANY LIMITED
Section,, & suit and ?? exemption Defendant's request for security to the principal borrower Applying for security for financing Applicants (guarantors) offer security at the time the loan document is signed The bank filed a lawsuit to recover the loan amount of Rs 32,326,937 and the petition for leave to defend the case was dropped, the banking court jointly against all the defendants and The case was decided at a cost of Rs. 1,799,723, which would have cost the fund through the appellant and was intended to affect him. He was. Creating a mortgage from fraud and misrepresentation and the foreclosure was created solely for the purpose of regulatory requirements without endangering its property. Accuracy loan documents show that the mortgaged property was structured to offer security as payment for liabilities under finance and other supplement. Appellants did not dispute the creation of equities and registered mortgages, which expressly acknowledged that the mortgage was prepared or promised by the lenders to the appellant in any way outside the written terms. Requests for terms cannot be allowed and under the agreement between the parties, there can be no remedy against the principal borrower for the appellant's indebtedness and otherwise, the appellant guarantees the principal borrower's liability, the principal debt May act against the borrower or the bank has the security available to the High Court to reject this appeal. There is no merit in the.
Related judgments — Karachi High Court Sindh, 2011
