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ORIENT MATCH COMPANY (PVT.) LTD. versus TANKING TRIBUNAL FOR KARACHI AND SUKKUR

Banking Tribunals Ordinance 1984 Sections 2 (a) (iii), (e) 5 (3) and 13 = Constitution of Pakistan (1,973), Article 199 is the authority of the Finance Definition Petitioner Company regarding the validity of the Constitutional Jurisdiction Tribunal. Five motor vehicles were leased. Failing to pay respondent lease pursuant to the terms of the agreement between the parties, the defendant challenged the jurisdiction of the banking tribunal by the banking tribunal that the transaction was not included in the matter. The definition of financing, published in the Banking Tribunals Ordinance, 1984, involves housing or a facility that participates in profit and loss, markup or markdown in cost, rent, lease, rental share and license. Based on The accommodation / facility applicant obtained under the parties' agreement and the terms of the contract agreement relating to the financial transactions between the parties clearly indicate that Section 2 (e) of the Banking Tribunals Ordinance, 1984 ) The definition of financial issue was covered under the agreement and the defendant section was a company. Section 5 (3) of the Banking Tribunals Ordinance, 1984, had the exclusive jurisdiction to decide the existence of 2 (a) (iii) of this Ordinance Tribunal or to decide a question about the Finance Tribunal. The only forum for respondents was available. Their claim that the applicant's claim that the tribunal had no jurisdiction to decide the defendant's case was overturned [words and phrases jurisdiction] top advocate from Shankiari lawyer