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M.C.B LTD. versus CONTINENTAL ENGINEERS LTD.


Section 152 and 151 Banking Companies (Recovery of Debt) Ordinance (XIX of 1979), Section 8 and 11 Accidental Missions or Slip Submission 152 Under Section 151, CPC read the request by the bank that the decision and order Passed in favor. Interest rates can be adjusted against applicants and defendants so that they can be made 14 monthly with quarterly remittances. Plaintiff did not disclose that the applicant had made a claim on the claimed interest, with a non-interest bearing interest rate of 14%. In mentioning the remains and also in the prayer clause, the plaintiff very clearly mentioned any quarterly remuneration without claiming interest at the rate of 14 of the year. The court's decision also showed that the basis for stopping the rate of the plaintiff. But the permissible interest by the court was clearly 14 annually, without restriction, in the context of such a position on record, it cannot be reasonably argued that the international rate is mentioned at 14% per annum.

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