2006 PLP 183 (CLD)
Messrs FAISAL M. B. CORPORATION (PVT.) LTD. through Chief Executive — Appellant Versus EQUITY PARTICIPATION FUND through Vice-President, E.P.F. — Respondent
| Citation | 2006 PLP 183 (CLD) |
| Forum / Court | Lahore |
| Bench Members | Mian Hamid Farooq and Hamid Ali Shah, JJ |
| Parties | Messrs FAISAL M. B. CORPORATION (PVT.) LTD. through Chief Executive — Appellant Versus EQUITY PARTICIPATION FUND through Vice-President, E.P.F. — Respondent |
| Primary Law | Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001) |
Q1: What are the key laws and sections cited in 2006 PLP 183 (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 2006 PLP 183 (CLD)?
The case was heard and decided by the Lahore bench comprising: Mian Hamid Farooq and Hamid Ali Shah, JJ.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 2006 PLP 183 (CLD) (Messrs FAISAL M. B. CORPORATION (PVT.) LTD. through Chief Executive — Appellant Versus EQUITY PARTICIPATION FUND through Vice-President, E.P.F. — Respondent). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Laws Cited
Representation
- Asghar Hamid Bhutta for Appellant.
- Iftikhar Hussain Shah for Respondent.
- Date of hearing: 7th November, 2005.
Headnotes / Summary
S.19
General Clauses Act (X of 1897), S.24-A
Non-speaking order
Judgment debtor filed application for allowing benefit of incentive scheme during execution proceedings
Banking Court dismissed the application without giving its own finding
Judgment debtor, to prove his entitlement to benefit of incentive scheme, produced a letter issued by the bank-Validity-Banking Court although had narrated contents of application filed by judgment debtor and stance of bank, yet the Court failed to give its own findings except to state that offer made by judgment-debtor was not acceptable to the bank
Such order of Banking Court was perfunctory, devoid of reasons and showed complete non-application of judicial mind
Letter produced by judgment debtor had a substantial bearing on the fate of the case
Order passed by Banking Court was set aside and case was remanded to Banking Court for deciding judgment-debtor's application afresh, in accordance with record of the case and after taking into consideration contents of the letter produced by judgment-debtor
Appeal was allowed accordingly. Adamjee Jute Mills Ltd. v. The Province of East Pakistan and others PLD 1959 SC (Pak.) 272; Gouranga Mohan Sikdar v. The Controller Import and Export and 2 others PLD 1970 SC 158; Mollah Ejahar Ali v. Government of East Pakistan and others PLD 1970 SC 173 and Muhammad Ibrahim Khan v. Secretary, Ministry of Labour and others 1984 SCMR 1014 rel.
Judgment & Decree
MIAN HAMID FAROOQ, J.
Present appeal proceeds against order dated 12-7-2002, whereby the learned Judge Banking Court dismissed appellant's application filed under section 151, C.P.C.
2. Pursuant to the passing of decree for recovery of Rs.24,45,569 together with costs and mark up, by the learned Judge Banking Court, against the appellant, vide judgment and decree dated 26-4-1998, the respondent/decree holder filed the execution petition. It has been alleged that during the pendency of the execution proceedings, the respondent offered to settle the liability under the Incentive Scheme; consequent thereto the appellant, statedly, paid a sum of Rs. 14,61,024, including the total value of the shares amounting to Rs.8,00,000, to the decree holder bank and then it requested the respondent, through letter, that the balance amount of Rs.42,873, be accepted in full satisfaction of the decree, but the said letter was not responded. The appellant filed the application under section 151, C.P.C., before the learned Executing Court, with the prayer that it be allowed to deposit the remaining amount of Rs.42,873, under the Incentive Scheme, in full satisfaction of the decree, which application was opposed by the respondent, and the learned Judge Banking Court dismissed the said application, vide impugned order dated 12-7-2002, hence the present appeal.
3. Learned counsel for the appellant, while reiterating the contents of application under section 151, C.P.C. and placing on record letter dated 19-4-2005, has stated that appellant's case falls under the Incentive Scheme, therefore, the impugned order is not sustainable in law. Conversely, the learned counsel for the respondent has opposed this appeal and submitted that the case of the appellant is not covered under the Incentive Scheme and that huge amount is outstanding against it.
4. We have heard the learned counsel for the parties and examined the available record, including the impugned order. We find that the learned Judge Banking Court, although in the order under appeal, has narrated the contents of appellant's application under section 151, C.P.C. and stance of the respondent-Bank, yet it failed to give its own findings except to state that offer, made by the appellant, vide letter dated A 29-4-2002, was not acceptable to the decree holder. The said order is perfunctory, devoid of reasons and shows complete non-application of judicial mind. The impugned order is not inconsonance with the law laid down by the Honourable Supreme Court of Pakistan in the cases reported as Adamjee Jute Mills Ltd. v. The Province of-East Pakistan and others PLD 1959 SC (Pak.) 272; Gouranga Mohan Sikdar v. The Controller Import and Export and 2 others PLD 1970 SC 158; Mollah Ejahar All v. Government of East Pakistan and others PLD 1970 SC 173 and Muhammad Ibrahim Khan v. Secretary, Ministry of Labour and others 1984 SCMR 1014, wherein it has been held that the "judicial orders" must be supported by reasons. Even it has been enjoined upon an executive authority, as per section 24(A) of General Clauses Act, 1897 (inserted by General Clauses (Amendment Act, 1997, Act No.XI of 1997)) to give reasons for making the order.
5. Additionally, letter dated 19-4-2005, produced by the learned counsel for the appellant, today, obviously, was not before the learned Judge Banking Court, when the impugned order was rendered. We feel that the said letter has a substantial bearing on the fate of the case. In view whereof, we are inclined to remand the case to the learned Judge Banking Court, with the directions to decide appellant's application, afresh, in accordance with the record of the case and after taking into consideration contents of letter dated 19-4-2005.
6. In the above perspective, present appeal is allowed and the impugned order dated 12-7-2002 is set aside with no order as to costs. Resultantly, appellant's application under section 151, C.P.C. shall be deemed to be pending before the learned Judge Banking Court, who shall decide the same, afresh, in view of correspondence exchanged between the parties and letter dated 19-4-2005, which shall be placed on record of the learned Judge Banking Court by the appellant on the date given below. The parties are directed to appear before the learned Judge Banking Court on 21-11-2005. M.H./F-134/L????????????????????????????????????????????????????????????????????????????????????? Case remanded.