AL BARAKA BANK PAKISTAN LIMITED vs EDEN HOUSING LIMITED Ss — 2024 CLD 852 LAHORE-HIGH-COURT-LAHORE

Case information

Citation: 2024 CLD 852 LAHORE-HIGH-COURT-LAHORE
Court: Lahore High Court
Year: 2024
Reporter: CLD
Parties: AL BARAKA BANK PAKISTAN LIMITED vs EDEN HOUSING LIMITED 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

AL BARAKA BANK PAKISTAN LIMITED VS EDEN HOUSING LIMITED Ss. 9 & 10---Suit for recovery filed by the bank against the borrower / company and its directors/guarantors------Petition for leave to defend---Failure of defendant(s)---Argument of the defendants was that signature of the one of directors/defendants on petition for leave to appear and defend ('PLA') might also be treated as basis on behalf of the company / defendant---Held, that said argument was misconceived as no Board of Directors' Resolution, Authority Letter or Memorandum and Articles of Association of the defendant / company had been placed on record authorizing the said defendant/director to represent the Company in the present suit and file PLA on its behalf, therefore, said PLA could not be treated on behalf of the Company as a defendant---PLA filed by the defendants was dismissed, in circumstances---Suit was decreed in favour of plaintiff /bank and against defendants jointly and severally.

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