2002 PLP 1732 (CLD)
Mst. TABASUM NAZ‑‑‑Appellant Versus ALLIED BANK OF PAKISTAN LIMITED through Manager‑‑‑Respondent
| Citation | 2002 PLP 1732 (CLD) |
| Forum / Court | Lahore |
| Bench Members | Jawwad S. Khawaja and Abdul Shakoor Paracha, JJ |
| Parties | Mst. TABASUM NAZ‑‑‑Appellant Versus ALLIED BANK OF PAKISTAN LIMITED through Manager‑‑‑Respondent |
Q1: What are the key laws and sections cited in 2002 PLP 1732 (CLD)?
This judgment primarily cites: statutory provisions as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 2002 PLP 1732 (CLD)?
The case was heard and decided by the Lahore bench comprising: Jawwad S. Khawaja and Abdul Shakoor Paracha, JJ.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 2002 PLP 1732 (CLD) (Mst. TABASUM NAZ‑‑‑Appellant Versus ALLIED BANK OF PAKISTAN LIMITED through Manager‑‑‑Respondent). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Representation
- Zia Haider Rizvi for Appellant.
- M. Ashar Elahi for Respondent.
- Date of hearing: 18th June, 2002.
Headnotes / Summary
Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001)‑‑‑ ‑‑‑‑Ss. 17 & 22‑‑‑Decree‑‑‑Appeal‑‑‑High Court decreed the suit in favour of Bank with consent of parties ‑‑‑Decretal amount was to be payable within three months‑‑‑Appellant would be entitled to negotiate sale of her house, but purchaser thereof would deposit decretal amount directly with Bank‑‑‑In case of appellant's failure to deposit decretal amount within such time, decree would stand restored, which Bank would be entitled to enforce through all available means‑‑‑High Court disposed of the appeal in such terms.
Judgment & Decree
JAWWAD S. KHAWAJA, J.‑‑‑With the consent of learned counsel for both parties a decree for Rs.5,30,000 is passed against the appellant in favour of the respondent Bank. The said amount shall be paid by the appellant to the respondent‑Bank within three months of the date of this judgment.
2. The appellant shall be entitled to negotiate sale of her House bearing No.294, Block‑1, Sector CII, Township Scheme, Lahore, provided the purchaser of the property directly deposits the aforesaid decretal amount of Rs.5,30,000 with the respondent‑Bank. If the amount aforesaid is not deposited with the respondent‑Bank within three months from today, the decree of the learned Banking Court shall stand restored, which the Bank shall be entitled to enforce through all available means. This appeal is disposed of in the above terms. S.A.K./T‑94/L Order accordingly.