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NATIONAL BANK OF PAKISTAN versus LAZAF COMMERCIAL CORPORATION LTD.


Banking Companies (Recovery of Loans) Ordinance 1979 Section 7 Suite for Debt Recovery was incorporated in Bangladesh (then East Pakistan), he continued his business and his directors remained in Bangladesh. And there were citizens and citizens of this country. The registered office of the defendant company has not been transferred to Pakistan, but continues to reside in Bangladesh against the Pakistani citizen against the draft credit given by the plaintiff bank to the plaintiff company for its regular office in Bangladesh. It cannot be said that the plaintiff company, against the fixed deposit in the bank by title act in connection with this immovable property, presented the plaintiff's bank with the plaintiff's bank with fixed deposit with interest from the plaintiff bank. More money was received by the bank through the plaintiff's company. In Bangladesh, the bank was not competent in these situations as a successor to the bankruptcy filing bankruptcy case.

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