KHAIR BUKSH RICE MILL vs NATIONAL BANK OF PAKISTAN Ss — 2021 CLD 675 QUETTA-HIGH-COURT-BALOCHISTAN

Case information

Citation: 2021 CLD 675 QUETTA-HIGH-COURT-BALOCHISTAN
Court: Balochistan High Court
Year: 2021
Reporter: CLD
Parties: KHAIR BUKSH RICE 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

KHAIR BUKSH RICE MILL VS NATIONAL BANK OF PAKISTAN Ss. 10, 9 & 7---Procedure of Banking Court---Suit for recovery---Application for leave to defend, adjudication of---Mandatory nature of requirements of S. 10 Financial Institutions (Recovery of Finances) Ordinance, 2001---Rejection of application for leave to defend on ground of non-compliance with mandatory statutory requirements---Scope---Section 10 of Financial Institutions (Recovery of Finances) Ordinance, 2001 required strict compliance with mandatory requirements for application for leave to defend stated therein, and non-compliance of same would result in rejection of application for leave to defend.

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