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HANIFAN BEGUM versus IA.R. COOP.


Banking Companies (Recovery of Loans) Ordinance 1979 Section 6 The principal amount borrowed from the suit bank to recover the loan was paid by the lender, but the interest / compound interest amount was yet to be received by the lender. The question of interest recovery was still pending before the Supreme Court, but the bank linked the property to the dispute and then announced its auction for interest recovery. It was identified as having a common and unconstitutional action of the bank to begin the auction of the property. illegal

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