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NIB BANK LIMITED versus TAHA SPINNING MILLS LIMITED


Sections 9 and 10 (3) (4) suit for recovery of loan amount Section 10 (3) (4) of the financial institutions concerned with the use of finance facilities by the defendants and the owner of the financial obligations of the bank levy application. There is no denial of leave request for non-fulfillment of mandatory requirements (Recovery of Financial Issues) Ordinance, 2001 Defendants claim that the bank has received additional markup. The High Court has rejected the leave application and directed the parties to submit their bank statements for the defendant to decide the actual amount.

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