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HOUSE BUILDING FINANCE CORPORATION vs AMIR RAFI Ss — 2022 CLD 892 LAHORE-HIGH-COURT-LAHORE

Case information

Citation
2022 CLD 892 LAHORE-HIGH-COURT-LAHORE
Court
Lahore High Court
Year
2022
Reporter
CLD
Parties
HOUSE BUILDING FINANCE CORPORATION vs AMIR RAFI Ss
Subject matter
Civil
Provisions referred to
S. 3

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

HOUSE BUILDING FINANCE CORPORATION VS AMIR RAFI Ss. 3, 9 & 22---Suit for recovery of finance---Cost of funds---Future rent--- Insurance charges--- Appellant/House Building Finance Corporation was aggrieved of judgment and decree passed by Banking Court wherein insurance charges and future rent were declined---Validity---Claim of insurance charges were liable to be paid by respondent/borrower and was validly claimed by appellant/ Corporation---Banking Court had allowed costs of funds, therefore, appellant/Corporation was not entitled to claim future rent---Cost of funds were allowed from date of suit which was to be allowed from the date of default in terms of S. 3 of Financial Institutions (Recovery of Finances) Ordinance, 2001---High Court modified judgment and decree passed by Banking Court---Appeal was allowed accordingly.

Other judgments reported in 2022 CLD

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