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MIQ (PVT.) LIMITED vs HABIB METROPOLITAN BANK LIMITED S — 2022 CLD 1562 LAHORE-HIGH-COURT-LAHORE

Case information

Citation
2022 CLD 1562 LAHORE-HIGH-COURT-LAHORE
Court
Lahore High Court
Year
2022
Reporter
CLD
Parties
MIQ (PVT.) LIMITED vs HABIB METROPOLITAN BANK LIMITED S
Provisions referred to
S. 9---R

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

MIQ (PVT.) LIMITED VS HABIB METROPOLITAN BANK LIMITED S. 9---Recovery of finance---Statement of account---Disputed entries---Appellants contended that certain debit entries in the statement of account were unlawful---Held; appellants had not disclosed as to how each debit entry was unlawful---Mere general and bald allegation that a particular entry was unlawful did not advance the cause of the appellants---No document was appended with the PLA (Petition for Leave to Appear) to dislodge the presumption of truth attached to the statement of accounts---Bank, in its reply had duly explained each and every entry---Said entries were either charges which were initially incurred by the bank for and on behalf of the appellant company and later recovered on the strength of the financing documents such as, valuation charges paid to the evaluator, payment to Advocate for legal opinion and payment of fee to SECP for registration of charges, etc---Some of the payments were regarding markup unpaid by the appellant which were debited from the principal account and credited into the separate markup account---Appeal was dismissed.

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