NATIONAL BANK OF PAKISTAN versus KNITWARA GARMENTS LTD,
Banking Companies (Recovery of Loans) Ordinance 1979 Section 6 Contract Act (IX of 1572), Section 74 In the first tile, the defendants had agreed to pay the original amount and interest if the plaintiff went before the penalty interest and trial costs. With the permission of Declaration of payments in installments The trial court, assuming that the penalty interest was waived without any justification and that the defendants were not burdened with the costs and directed the parties to pay the installments in consensus. As the trial court verdict is unthinkable, the court refuses to intervene
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