UNITED BANK LIMITED versus ALTAF LIMITED
Banking Companies (Recovery of Loans) Ordinance 1979 Sections 4 (3) and (4) Civil Procedure Code (v. 1908), O. XXXVII, R 3 Summary Jurisdiction based on the bank justifying the suit limit for recovery of bank loan Discard the suit. Issuance of Notice to Lenders for Debt Payment The responsibility of the borrower's loan repayment obligation was issued by the plaintiff bank on this notice under Section 4 (3) Banking Companies (Recovery of Loans) Ordinance 1979 Outgoing notice has been restored. The notice loan will be legally valid as the lending bank will acquire such rights, including the right to file a lawsuit to recover the debt in any competent court as the order of any legally indebted loan and the banking tribunal In case of cancellation of order, the lender has the bank's permission.
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