2002 PLP 867 (CLD)
through Senior Vice‑President‑‑‑Appellant Versus ANSARI TRADE LINKERS (PVT.)
| Citation | 2002 PLP 867 (CLD) |
| Forum / Court | Lahore |
| Bench Members | Jawwad S. Khawaja and |
| Parties | through Senior Vice‑President‑‑‑Appellant Versus ANSARI TRADE LINKERS (PVT.) |
Q1: What are the key laws and sections cited in 2002 PLP 867 (CLD)?
This judgment primarily cites: statutory provisions as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 2002 PLP 867 (CLD)?
The case was heard and decided by the Lahore bench comprising: Jawwad S. Khawaja and.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 2002 PLP 867 (CLD) (through Senior Vice‑President‑‑‑Appellant Versus ANSARI TRADE LINKERS (PVT.)). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Representation
- Khalid Salim for Appellant. Nemo for Respondents Date of hearing: 12th March, 2002.
Headnotes / Summary
Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001)‑‑‑‑ ‑‑‑‑S.22‑‑‑Appeal‑‑‑Judgment without reasoning‑‑‑Banking Court had given no reasons for its finding that the action of decree‑holder Bank was not fair‑‑‑Validity‑‑‑Where no basis was given to support the conclusion reached by the Banking Court, the order passed by the Court was set aside‑‑‑Appeal was allowed in circumstances.
Judgment & Decree
JAWWAD S. KHAWAJA, J.‑‑‑The respondents have been served, but none has appeared on their behalf despite service. They are proceeded against ex parte.
2. We have gone through the impugned order, dated 21‑12‑2001 and have noted the operative part of the said order in our previous order, dated 21‑1‑2002. Since no reasons' whatsoever have been given, by the learned Banking Court for its finding that the action of the decree- holder Batik is not fair and also because no basis has been given at all to support the conclusion reached by the learned Banking Court in the impugned order, we set aside the same.
3. In the circumstances, the petition filed by the respondent judgment‑debtors shall be deemed to be pending before the learned Banking Court. The same shall be decided after notice to the parties, and on the basis of reasoning sustainable at law. The appeal is allowed in the above terms. Q.M.H./M.A.K./A‑437/L Appeal allowed.