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MUHAMMAD IQBAL versus STATION HOUSE OFFICER


Applicant charged with abolishing Section 9F9F Financial Institutions (Restoration of Finance) Ordinance (XLVI of 2001), Section Constitution (Constitution of Pakistan (1973), Article 199 Constitution Petition) loan of Rs. But he was unable to submit four monthly installments to the business due to the downturn and a guaranteed check of Rs 5 lakh was presented on the bank's demand, which was not for prompt disclosure, however, the bank did not accept the above check. After being honored, his case is filed under Section 99FF. Ziaby) Under the Ordinance 2001 and Section 489F, PPC, being completely different, the parties cannot merge or confuse with each other at the wishes of the financial institutions. , 2001 was a complete code that was specially formulated for banking courts to recover from the aforesaid ordinance, creditors and to deal with any crime commissioned under section 7 of the said ordinance banks or their administration. ,, Was therefore barred from taking advantage of Section 489F, PPC, by initiating proceedings against them. Defaulters who dishonored any checks issued by the lender, who had benefited from any financial facility, had a serious action by the complainant bank against the applicant's registration of the current case, Because it can be taken advantage of by the banking court. Charged with registration of a case under section 489F, PPC under the Financial Institution (Recovery of Finance) Ordinance, 2001

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