AMIR JAN OIL MILL vs NATIONAL BANK OF PAKISTAN Ss — 2021 CLD 25 QUETTA-HIGH-COURT-BALOCHISTAN

Case information

Citation: 2021 CLD 25 QUETTA-HIGH-COURT-BALOCHISTAN
Court: Balochistan High Court
Year: 2021
Reporter: CLD
Parties: AMIR JAN OIL MILL vs NATIONAL BANK OF PAKISTAN Ss
Subject matter: Banking
Provisions referred to: S. 10

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

AMIR JAN OIL MILL VS NATIONAL BANK OF PAKISTAN Ss. 10, 9 & 7---Procedure of Banking court---Suit for recovery---Application for leave to defend, adjudication of---Failure to comply with mandatory requirements of S. 10 of Financial Institutions (Recovery of Finances) Ordinance, 2001, effect of---Application for leave to defend was dismissed by Banking Court---Contention of defendant, inter alia, was that application for leave to defend ought to have been allowed---Validity---Defendants had failed to make compliance with required parameters of S. 10(4) of Financial Institutions (Recovery of Finances) Ordinance, 2001 and therefore S. 10(6) of said Ordinance would come into play and their application for leave to defend was necessarily liable to be rejected---No illegality in impugned order of Banking Court---Appeal was dismissed, in circumstances.

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