BANK ALFALAH LIMITED, LAHORE vs PUNJAB SMALL INDUSTRIES CORPORATION S — 2023 CLD 14 LAHORE-HIGH-COURT-LAHORE

Case information

Citation: 2023 CLD 14 LAHORE-HIGH-COURT-LAHORE
Court: Lahore High Court
Year: 2023
Reporter: CLD
Parties: BANK ALFALAH LIMITED, LAHORE vs PUNJAB SMALL INDUSTRIES CORPORATION S
Subject matter: Criminal
Provisions referred to: S. 62---

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

BANK ALFALAH LIMITED, LAHORE VS PUNJAB SMALL INDUSTRIES CORPORATION S. 62---"alteration" and "recission" of contracts---Distinction---alteration may produce two consequences, firstly, where modified contract possesses an independent contractual force, or enables the parties to sue upon second contract alone as if the original contract does not exist, it is deemed that the original contract is rescinded---Secondly, where modified contract does not possess any independent contractual force or does not enable the parties to sue upon modified arrangement, then modifications are read into and become part of original contract---Original terms also continue to be part of the contract and are not rescinded and/or superseded except in so far as they are inconsistent with the modifications.

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