PUNJAB COTTON MILLS LTD. versus ALLIED BANK OF PAKISTAN LTD.
Banking Companies (Debt Recovery) Ordinance 1979 Section 6 (1) (a) Civil Procedure Code (v. 1908), O IX, R 4 and 5 115 Jurisdiction Suits for Recovery of Bank Loans, Before the Launch of Banking Companies ( Receipt (Debt) Ordinance, 1979, was filed in the civil court, which was deleted by default. Appeal for Reinstatement of Suits When the application for a suit was moved on 12 3 1987, the Banking Companies (Recovery of Loans) Ordinance 1979 was already enforced and the Civil Court issued the 1979 Ordinance XIX. The suit, which was established, had abolished the jurisdiction of the subject matter of the Banking Courts, it too had been entrusted with the powers of the civil court; there was only one course left for the civil court on the petition to appeal the case. The Banking Court, formed under Civil Order 1979 Ordinance XIX, under which it restated the case, was set aside and a petition for restitution of the case was submitted to the Banking Court, in accordance with law. ccordance
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