HABIB BANK LIMITED versus HIGHWAY GENERAL TRADING CO.
Interpretation of Section 2 (a) (i), 9 and the proposed Banking Companies (Loans, Progress, Credit and Finance Recovery) Act (XV of 1997) Section 2 (a) (i) Section 2 (a) (i) Financial Institutions (Recovery of Finance) Ordinance, 2001 Financial Institution, which means that the financial services provided outside Pakistan and the banking business not taken outside Pakistan were not taken into Pakistan in the matter of jurisdiction of the Banking Court. The plaintiff's bank demanded the recovery of the money given to the defendants under the finance facility because the bank branch outside Pakistan was used as the defendants. The Holt was acquired outside Pakistan, so the Banking Court had no jurisdiction in the matter. To determine whether the plaintiff had come under the jurisdiction of the Bank in the present case, ? Financial Institutions (Financial Recovery) Ordinance, used in 2001 The Financial Institution which is used in praise of Financial Institutions (Recovery of Finance) Ordinance (XLVI of 2001), rather than merely the means of the financial institution, which advances banking companies (loans, advances). , The Credit and Finance Recovery) Act, 1997, which clearly expanded its scope. The definition of financial institution financing in the ordinance was equivalent to the definition of a banking company used in the Banking Companies (Loans, Progress, Credit and Financial Resources) Act 1997. Except for certain words, specific words were not excluded in Pakistan, and new words were easily added to the end through its branches inside and outside Pakistan. The words were clear in nature. Cho
Related judgments — Karachi High Court Sindh, 2014
