MUHAMMAD JAVED SHAFI vs NATIONAL BANK OF PAKISTAN Ss — 2024 CLD 518 LAHORE-HIGH-COURT-LAHORE

Case information

Citation: 2024 CLD 518 LAHORE-HIGH-COURT-LAHORE
Court: Lahore High Court
Year: 2024
Reporter: CLD
Parties: MUHAMMAD JAVED SHAFI vs NATIONAL BANK OF PAKISTAN Ss
Subject matter: Civil

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

MUHAMMAD JAVED SHAFI VS NATIONAL BANK OF PAKISTAN Ss. 9, 10 & 22---Suit for recovery of finance---Finance facility, non-availing of---Proof---Suit filed by respondent/financial institution was decreed against appellants/customers---Validity---Bald denial of execution of finance and security documents was not convincing when numerous documents were otherwise available on record to substantiate the claim---Board Resolution for seeking renewal of CF-Facility, loan application, acceptance of terms of facility offer letter, execution of documents, finance and security, registration of charge with SECP were sufficient to dismiss applications for grant of leave to defend---Mere institution of suit by appellants/customer, seeking various declarations and grant of unconditional leave to defend to respondent/financial institution did not entitle appellants/customers for grant of leave to defend in suit by respondent/financial institution, as rule of the thumb---High Court maintained judgment and decree passed against appellants/customers, as no illegality was found to justify interference in exercise of appellate jurisdiction---Appeal was dismissed in circumstances.

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