HABIB METROPOLITAN BANK LTD. versus ZAB RICE (PVT.) LTD.
Sections 9 and 19 (3) of the Recovery Suits Ex parte Decree, which was approved by the Banking Court, were set aside by the defendant as a pretrial offense against the defendants, keeping the proportional default aside. The High Court allowed the petition and ordered the defendants to submit Rs 400,000 to the decal holder / bank so that if the ex parte decree was issued, the defendants had submitted a check of Rs 400,000 to the bank, However, due to lack of funds he was insulted on the day the bank submitted the check, one of the defendants / customers withdrew Rs 30,000 from the account, and as soon as the check was dishonored ? The check was issued to the bank in full, so more time could be allowed for the defendants to deposit Rs 400,000. The High Court granted the concession by directing them to deposit Rs. Holder Bank raised the aforementioned costs for payment of judicial auction fees and other charges. The suit filed by the bank was for the recovery of Rs 58,482,336 57 and how the defendants failed to pay the plaintiffs if they failed to submit the 400,000 in the corruption and disposal of the recovery suit. Attempts to delay the defendants were not in a position to submit Rs. 400,000 again on the present date of hearing, and their default was disputed by which the previous order was rejected. ? The party decree was made subject to a deposit of Rs.
Related judgments — Lahore High Court Lahore, 2014
