MUSLIM COMMERCIAL BANK LTD. THROUGH VP, SAMG versus HIRRA FAROOQ LTD.
Section 15 Contract Act (IX of 1872), Section 59 State Bank of Pakistan BPD Circular No. 29, dated 15 10 2002 Implementation of the Decree, Initially, the consent of the High Court to the specified amount in favor of the Bank Was approved. Individuals of the judgment fail to fulfill their obligation under such consent decree. The execution of the execution was initiated to satisfy the rest of the order, but upon its approval, the matter was forwarded and resolved by the Resolution Committee of the State Bank of Pakistan. In view of the Committee's decision, a compromise was again made between the parties, when it was filed in the court, it was approved and in the event of its failure to process, the order to withdraw it Dealt with favor. Decision-makers to fulfill their obligations under the Agreement. Since the agreement was not fulfilled, the execution request was reinstated, and the obligation of the verdict was that the order of interest was void and void in the eyes of the law. The Resolution Committee of the State Bank, with their free consent, made the contract and paid strictly on its terms and failed to comply with the aforesaid agreement that the creditors owed in the event of a default in excluding the decree. And thus the orders for consent to the situation were resurrected and, thus, it is their legal duty to pay according to which the statement of the bank was kept on record, which shows that That the markup was calculated on the first day. The perpetrators of the judgment are not established
Related judgments — Lahore High Court Lahore, 2009
