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ALI MUHAMMAD versus MESSRS WORLD WAYS TRAVEL LTD.


Banking Companies (Recovery of Loans) Ordinance 1979 Sections 6 and 7 Civil Procedure Code (V 1908), OXXVIII, Application for Receipt of R2 Suite Loan, Claims that Defendants' Properties Hold on the Bank While the title deeds were presented to them by the defendants for the establishment of an equivalent mortgage to repay the loan, the defendants denied such a dispute with the plaintiff's bank. One of the defendants asserts that there is no doubt that he submitted the title deed of his property to the plaintiff's bank, but no memorandum of title was signed by the other defendant. Is the submission of the title deed and the signing of the memorandum considered as a mortgage agreement and will only be acceptable if it was legally registered and when its title was deposited with the bank and it had a signed memorandum? Not registered, not acceptable, where the plaintiff bank sought relief only through the sale of mortgaged property, to defeat The unconditional leave ND suit will be awarded to specific defendants who have already been discharged for a defense claim in the trial.

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