DILI JAN OIL MILL vs NATIONAL BANK OF PAKISTAN Ss — 2021 CLD 752 QUETTA-HIGH-COURT-BALOCHISTAN

Case information

Citation: 2021 CLD 752 QUETTA-HIGH-COURT-BALOCHISTAN
Court: Balochistan High Court
Year: 2021
Reporter: CLD
Parties: DILI JAN OIL MILL vs NATIONAL BANK OF PAKISTAN Ss
Subject matter: Banking
Provisions referred to: S. 9

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

DILI JAN OIL MILL VS NATIONAL BANK OF PAKISTAN Ss. 9, 10 & 7----Procedure of Banking Court---Suit for recovery---Service of notices/summons on defendant---Effective service in terms of S. 9(5) of Financial Institutions (Recovery of Finances) Ordinance, 2001---Obligation upon defendant to file application for leave to defend within statutorily prescribed time-period---Scope---Words used in Ss. 9(5) & 10(2) of Financial Institutions (Recovery of Finances) Ordinance, 2001 had to be read in their ordinary meaning, and therefore it was obligatory upon defendant to file application for leave to defend within thirty days of valid service in terms of S. 9(5) of the Ordinance--- Application for leave to defend filed after passage of thirty days from time of valid service would be liable to be rejected.

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