NATIONAL BANK OF PAKISTAN versus KHYBER TEXTILE MILLS LTD.
Section 9 Banking Companies (Debt Restructuring, Loans and Debt Recovery) Act (XV of 1997) Section 9 State Bank of Pakistan Circular No. 19, Chartered Scheme of the State Bank of Pakistan, with the privileged scheme of 5 6 1997 The defendant's scope of recovery was that the case for recovery was not sustained as the defendants benefited from the privileged scheme issued by the State Bank of Pakistan on Circular No. 19 Charter 7 of 1997 and , Under which the banking company could not deviate from the issued circular. Due to its binding nature, the directive issued in the form of a circular was the result of the issuance of a law or an Act of Parliament and the banks were obliged to follow the same issue, as in the present case, since the Inactive The scheme was properly complied with. The defendants, therefore, were unable to hold a case for recovery of the plaintiff bank's suit was dismissed, in which case
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