HABIB BANK LTD. versus PARAGON INDUSTRIES (PVT.) LTD. THROUGH CHIEF EXECUTIVE
Sections 9 and 10 Negotiable Devices Act (XXVI of 1881), Section 20 Effective application for leave to defend this document from bank loan recovery Effective defendants have claimed that on vacant documents at the time of loan approval The bank was signed if the documents were emptied. Nevertheless, in view of Section 20 of the Talking Instruments Act, 1881, defendants were compelled to challenge the legality, authenticity and truthfulness of such documents, implementing personal guarantees and other documents. In view of this, the defendants could not and should not relinquish their responsibilities. Jointly and severally responsible for discharging the obligations of the Company under the provisions of the Contract Act, 1872, in guaranteeing the defendants a holiday guarantee for the protection of this case, given any serious and obvious conflict. Failure, therefore, that the allegations contained in it were considered to be filed The bank produced photocopies of all the documents on which the lawsuit was filed, with WW later defending the claim by the accused. In his application for leave, he was admitted that the statement of accounts under the Banks \ Books Evidence Act, 1891 Winnipeg as was confirmed / verified, the accuracy was associated justification, no response from the defendant did not act upon the documents held by the bank. The suit was decided on the situation
Related judgments — Karachi High Court Sindh, 2009
