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AGMORE INTERNATIONAL (PVT.) LIMITED vs BANK OF PUNJAB Ss — 2022 CLD 1412 LAHORE-HIGH-COURT-LAHORE

Case information

Citation
2022 CLD 1412 LAHORE-HIGH-COURT-LAHORE
Court
Lahore High Court
Year
2022
Reporter
CLD
Parties
AGMORE INTERNATIONAL (PVT.) LIMITED vs BANK OF PUNJAB Ss
Subject matter
Civil
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

AGMORE INTERNATIONAL (PVT.) LIMITED VS BANK OF PUNJAB Ss. 9, 12 & 22---Recovery of finances---Ex-parte decree, setting aside of---Authority to file suit---Service of process---Change of address---Effect---Suit filed by respondent Bank was decreed ex-parte by Banking Court in favour of respondent Bank and against appellants/defendants---Plea raised by appellants/defendants was that the suit was not filed by person competent to file the same nor process was not served upon them---Validity---Plaint was filed by respondent Bank through branch manager in terms of S. 9 of Financial Institutions (Recovery of Finances) Ordinance, 2001---Appellants/ defendants were under obligation to intimate Bank about change of their address but such obligation was not discharged and change of address was not conveyed---Such omission on the part of appellants/defendants was fatal and they were to suffer for the same---Appellants/defendants could not claim setting aside of decree on ground that due to change of address, they were not properly served---High Court declined to interfere in judgment and decree passed by Banking Court---Appeal was dismissed, in circumstances.

Other judgments reported in 2022 CLD

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