STATE BANK OF PAKISTAN versus FRANKLIN CREDIT AND INVESTMENT COMPANY LTD. THROUGH ATTORNEY
Section 27 (4) was involved in the appointment of State Bank of Provincial Regulation No. XXI, transfer of funds to the Governor State Bank for reorganization of the powers and duties of the Fund Management Services Banking Company, approval of the Bank's Chief Executive, State Bank Response Bank. The mismanagement of the bank and the misappropriation of the position of director of the bank for their own interests in dealing with foreign companies eliminated huge sums of money to damage the interests and rights of the collectors, which led the bank's directors. Was the Chairman of the Beneficiaries. The Directors acted as the Chief Executive of the Bank, without the approval of the Governor of the State Bank, in exercising the powers under Section 27 (4) of the Ordinance of the Banking Companies, 1966, the accuracy of the Defendant Bank The license was revoked, no need to hold a full dress trial like the Court of Law charges against the retaliation proceedings for the cancellation of the magazine NT Bank was so serious about the cancellation of the license that the Governor State Bank related material Adhere to the principles of natural justice and legal requirements based on fair and reasonable What was the matter, the High Court was not expected to take the decision on the alternative to the State Bank, in the presence of relevant material, including the Chartered Accountant's inquiry report, the Governor State Bank of Pakistan decided to formulate an opinion. It was justified that defendant bank affairs were being conducted in a manner that was detrimental to the interests of the Governor State Bank. Essential skills in the relevant field and they came to the conclusion that one in their place
