PAKISTAN INDUSTRIAL CREDIT AND INVESTMENT CORPORATION LIMITED versus ARIF NOOR
Section 22 (2) Providence and 25 Banking Companies (Recovery of Loans) Ordinance (XIX of 1979), Pre-Banking Tribunals Ordinance (LVIII of 1984), Banking Companies (Recovery of Loans) Ordinance, 1979 and pending cases under Banking Premature exchange Restrictions for past and closed transactions under the Transaction Ordinance, 1997, to the courts established under the Banking Companies (Loans, Progress, Credit and Financial Resources) Act, 1997 2) The Provision of Banking Companies (Recovery) Loans, Progress, Credit and Financial Affairs Act 1997 does not in any way give rise to the latest cause for interest-based debt and hence this category of cases. There is no limit to what I can extend. Banking Companies (Recovery of Loans) Ordinance, Termination of 1979 and Banking Tribunals Ordinance 1984 are exempted from suit and not restricted under the Banking Company. This (the Loans, Progress, Credit and Recovery of Credit and Financial Affairs) Act, 1997 was being provided and implemented to the extent the latest institution has been provided, thus, to provide banking companies / institutions with the required period. Had a clear purpose and ideology. Avoid the possibility that time restriction cannot be claimed in any case under the Banking Tribunals Ordinance, 1984, Section 22 (2), of the Banking Companies (Recovery of loans, advances, credit and financial matters) Act 1997 To ensure supply was not meant to be past and closed transactions, but only references to past transactions, which should be considered strictly in the context of the alliance.
Related judgments — Lahore High Court Lahore, 2009
