INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN versus ROSE TEXTILE MILLS LTD .
Section 38 and 39 of the Debt Restoration Loan Agreement of the Industrial Development Bank of Pakistan Ordinance 1961 indicated that it was payable to the bank as per the bank's default payment schedule, but the terms of the lenders Was not implemented. The returning bank was entitled to recall the loan repayments and to avail itself of the remedies provided under the provisions of Section 39 (1), Industrial Development Bank of Pakistan Ordinance, Relief by the bank claimed that the bank had a residential loan. Was selling property that was already closed. Relief claimed under the purview of Section 39 (1) (a), Industrial Development Bank of Pakistan Ordinance, 1961; Can be sold under.
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