STATE BANK OF PAKISTAN vs AZEEM ASSOCIATES Rescission of contract for construction work and encashment of guarantee — 2025 CLC 841 KARACHI-HIGH-COURT-SINDH

Case information

Citation: 2025 CLC 841 KARACHI-HIGH-COURT-SINDH
Court: Sindh High Court
Year: 2025
Reporter: CLC
Parties: STATE BANK OF PAKISTAN vs AZEEM ASSOCIATES Rescission of contract for construction work and encashment of guarantee
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

STATE BANK OF PAKISTAN VS AZEEM ASSOCIATES Rescission of contract for construction work and encashment of guarantee---Contractor/respondent instituted a suit for damages with injunction, which was decreed declining interest---Parties preferred respective appeals; however, the respondent's appeal was accepted, extending interest relief, and the appellant/bank's appeal was dismissed---Validity---Respondent placed sufficient evidence to substantiate that due to appellant's failure to perform its part of the contract within the stipulated time, the respondent suffered losses due to changed circumstances and a tremendous rise in relevant material prices, hence, it was entitled to damages---Appellant failed to lead evidence to negate the respondent's claim---Respondent's evidence remained un-shattered during cross-examination---Trial Court, based on evidence and documents, decreed the respondent's suit, which was maintained by the Appellate Court, which also granted interest declined by the Trial Court---Appellate Court's judgment and decree were well-reasoned and lawful, therefore, there was no reason to interfere in the Appellate Court's findings, which were the result of proper appreciation of evidence and material, as well as conscious application of mind to the case's facts and circumstances, hence, no interference was required by the High Court---Regular second appeals were dismissed, in circumstances.

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