INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN versus EURO CERAMICS LIMITED
Section 8 Contract Act (IX of 1872), provisions 2 (g), 2 (j) and 56 suit for recovery of debt involved in illegal acts between the plaintiff / bank and defendant (1) where the contract is enforceable. Was. The beneficiaries of the fraudulent act (defendant 2) were to be compensated and should not be considered exempt in return and defendants (1 and 2) jointly and severally deducted the bank from all deductions. Conditional Compensation, if any, The settlement package between the plaintiff / bank and the defendant (No.1) for the amount collected / deposited on the deposited or deposited money is engaged in illegal activities. Securities, such as securities / personal securities issued and excluded, and charges, liabilities, claims, etc., on immovable and immovable assets, Section 8, financial payments. The terms and conditions of the package arrangements were issued and refunded by the bank under the terms of the ERA (Recovery of Finance) Ordinance, 2001 and so on.
Related judgments — Karachi High Court Sindh, 2009
