PAK LAW GPT — Pakistan Case Law AI justice scale emblemPAK LAW GPTCase law · Urdu & English

NATIONAL BANK OF PAKISTAN vs ARSHAD MUNIR KHALID S — 2023 CLD 1092 LAHORE-HIGH-COURT-LAHORE

Case information

Citation
2023 CLD 1092 LAHORE-HIGH-COURT-LAHORE
Court
Lahore High Court
Year
2023
Reporter
CLD
Parties
NATIONAL BANK OF PAKISTAN vs ARSHAD MUNIR KHALID S
Subject matter
Civil
Provisions referred to
S. 9---S

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

NATIONAL BANK OF PAKISTAN VS ARSHAD MUNIR KHALID S. 9---Suit for recovery of bank loan---Scope---Appellant assailed the judgment passed by the Banking Court whereby it decided that the cost of funds was payable only if the date of default was determined by the court, with the observation that markup had already been charged---Validity---Settlement was arrived at between the parties during the pendency of the suit---Terms of settlement, eclipse the Financing Agreement and normally the suit is decreed in terms of the settlement---Cost of funds, mentioned in the settlement, was declined, by holding it against the law---Payment of a certain amount as costs of funds was part of the settlement and could not be lightly ignored by the Trial Court---Impugned judgment and decree were set aside and the Trial Court was directed to re-interpret the settlement agreement---Appeal was disposed of accordingly.

Other judgments reported in 2023 CLD

Back to the case-law library · Search Pakistani case law in Urdu or English