STATE BANK OF PAKISTAN versus FRANKLIN CREDIT AND INVESTMENT COMPANY LTD. THROUGH ATTORNEY
Section 27 (4) Fund management services involved in appointment of approval of State Bank of Provincial Regulation No. XXI for Governor Banking Company, transfer of funds by mismanagement of Governor State Bank powers and duties, Bank Chief Executive, State Bank Response Bank The bank's affairs and the misappropriation of the position of director of the bank for their own benefit ended the bank's huge sums of money to harm the interests and rights of depositors in association with foreign companies, in which bank directors Of particular interest were the Board of Directors's directors of the banking companies In the exercise of the powers under Section 27 (4) of the Dennis, 1962, the Governor of the State Bank acted as the Chief Executive of the Bank, without the approval of the State Bank, the Defendant's Bank's accuracy Governor when dealing with the cancellation case. State bank license revoked. A license was not required to hold a dress trial like the Court of Laws charges against the respondents. The bank was serious about guaranteeing the revocation of the license by the Governor State Bank on the principles of natural justice and legal requirements. Having acted fairly and reasonably in the process, the High Court was not expected to take the decision on the alternative of the State Bank as it was present in the presence of relevant material, including the Chartered Accountant's inquiry report. The Bank of Pakistan had justified in forming the opinion that the Defendants' bank affairs were such Were operating in a dowry that was detrimental to the interests of the Governor's State Bank. Essential skills in the relevant field and they came to the conclusion that their place
