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SHAH NAWAZ versus ALLIED BANK OF PAKISTAN LTD


Section 6 Case for Recovery of a Home Purchase Loan from a Bank Employee whose Services Purchase Loans upon Termination of Employees' Services, Whether Turning to Commercial Loans, enable the Bank to Receive Interest at its Trade Rate Such score shall be made either by the borrower (in the event of termination of his services) or by any rule that has met such a situation, in any case falling into the said category (suspension). The employee cannot be burdened with the trade rate of interest Ex-employee had borrowed 5 on 197 1977; he paid 9 episodes up to 258 197 1978 including a total of 2, The original loan of Rs 250 was 40,000. After deducting the installments, the balance would be left at Rs 37,250. If the former employee had paid all fixed installments, the loan would have been paid in 12 years and five months from November 1978. Thus, when he refused to pay the installments, the loan was paid off by the end of April 1990, for example, Explovi did not pay the loan repayments, paying interest on the trade rate from May. Will be obligated to do so. , 1990, until its sole responsibility is satisfied with the decision and answer to the question, amended

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