2005 PLP 1479 (CLD)
Messrs OVERSEAS BLUE STAR GHEE MILLS LIMITED through Chief Executive/Managing Director and others — Appellants Versus UNITED BANK LIMITED through Principal Officers/ Managers/General Attorneys and others — Respondents
| Citation | 2005 PLP 1479 (CLD) |
| Forum / Court | Lahore |
| Bench Members | N/A |
| Parties | Messrs OVERSEAS BLUE STAR GHEE MILLS LIMITED through Chief Executive/Managing Director and others — Appellants Versus UNITED BANK LIMITED through Principal Officers/ Managers/General Attorneys and others — Respondents |
| Primary Law | Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001) |
Q1: What are the key laws and sections cited in 2005 PLP 1479 (CLD)?
This judgment primarily cites: Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001) as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 2005 PLP 1479 (CLD)?
The case was heard and decided by the Lahore bench comprising: N/A.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 2005 PLP 1479 (CLD) (Messrs OVERSEAS BLUE STAR GHEE MILLS LIMITED through Chief Executive/Managing Director and others — Appellants Versus UNITED BANK LIMITED through Principal Officers/ Managers/General Attorneys and others — Respondents). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Laws Cited
Representation
- Masood Ashraf Sheikh for Respondent No.1.
Headnotes / Summary
S.22
Appeal against decree for recovery of Bank loan
Joint request of parties for decision of appeal in terms of compromise agreement
Such compromise to satisfaction of High Court was according to law and adjusted entire claim in appeal
High Court disposed of appeal in terms of such compromise while making same as integral part of its order.
Judgment & Decree
Appellants through the filing of the instant application seek modification of the decree in terms of the compromise/ understanding dated 27-5-2004 and 28-5-2004. Let the main appeal be taken up today. C.M. stands disposed of. Main case Learned counsel for the appellant, while referring to letter dated 27-5-2004 (already on record), requests for recording the terms of the said compromise and to dispose of the appeal in hand accordingly. According to the learned counsel, the said letter is outcome of an amicable settlement agreed between the parties. The learned counsel for the respondent has no objection to this course of action.
2. In the above perspective and in view of the joint request of the learned counsel for the parties, the compromise agreement is accepted, which, to the satisfaction of the Court, is lawful and adjusts whole of the claim in appeal, and made part of the record. Consequently the appeal stands disposed of as per the terms and letter dated 27-5-2004, which is marked "A" and shall be considered as integral part of the order. No order as to costs. Appeal stands finally disposed of. S.A.K./O-4/L Appeal disposed of.