HABIB METROPOLITAN BANK LTD. versus HAY\'S (PVT.) LTD.
Sections 3 (2), 9 and 10 State Bank of Pakistan BCD Circular No. 32 dated 26 11 1984 Statement of suit accounts for collection of financing The charges of funds are processed through all the modes set out under the law. Despite the service the defendants were not presented and no one was filed. The bank's request for leave to defend the case raised was that the suit be ordered in relation to the amount of money, miscellaneous and ADS charges as well as the amount reflected in the statement of account, The accuracy estimate was linked to the entries in the certified statement of accounts. But such an assumption attached to the statement of accounts was only to the extent that the entries / data written in the statement of accounts were merely in accordance with the books of the account, only on the basis of such assumption, the bank's case was promptly prayed. Cannot cancel the name of the claimant bank itself. Each of the obligations provided in the Certified Statement of Accounts also claimed / debited the other charges and the ADS allegations but denied the required documents and evidence, such as the presence of materials, vouchers. This could not be approved in the absence of etc. - In the event of delay in payment of the agreed purchase price, the Islamic system of finance was forbidden to read this article with justification. State Bank of Pakistan BCD Circular No. 32, dated 26 11 1984 The High Court rejected the markup beyond the expiry date of the finance contracts, as it could not be allowed, though the financial institutions' section Absence of leave to defend the application in terms of 10 (2)
Related judgments — Karachi High Court Sindh, 2014
