AUSTRALASIA BANK LTD. versus MUHAMMAD SHAFT CHAK
The Constitution of Pakistan (1973), Art 185 (3), when the plaintiff opened a letter of credit with the plaintiff's bank when documents were imported in connection with the letter of credit, so that the plaintiff's bank retired at that time against payment. Said The current rate of the pound has since been reduced to the value of the currency, and the documents, after not retiring until then, have prompted the bank to examine the dispute regarding the exact rate of exchange applicable for it, Reviewed claim for payment claim at increased rate of leave. The Defendants' letter contains a substantial question about the law of public importance and the High Court relied on its previous decision regarding Australia Bank Limited v PLD 1966 LA-67, and No official announcement of the Supreme has been made. The court granted leave of appeal on this matter
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