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10

Application of fines

Act: Banking Companies (Recovery of Loans) Ordinance 1979

Section Provisions

ORDINANCE XIX OF 1979 ORDINANCE XIX OF 1979 BANKING COMPANIES (RECOVERY OF LOANS) ORDINANCE, 1979 An Ordinance to repeat and with certain modifications, re‑Enact the Banking Companies (Recovery of Loans) Ordinance, 1978 [Gazette of Pakistan,, Extraordinary, Fart i, 27th March 1979] No. F.17 (1)/79‑Pub.‑The following Ordinance made by the President is hereby published for general information :‑ 10‑ Application of fines.‑‑The Special Court imposing any fine under this Ordinance may direct that the whole, or a part thereof shall be applied in or towards‑ (a) payment of costs of the proceedings; and (b) payment to a banking ,company of compensation for any loss caused by the offence.

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Citing Judgments

  • 2025 C L D 474 A.M. CONSTRUCTION COMPANY (PRIVATE) LIMITED---Petitioner Versus TAISEI CORPORATION and others---Respondents
  • 2025 C L D 160 AL-MAKKAH PRESS (PVT.) LTD. through Chief Executive and 2 others---Appellants Versus STANDARD CHARTERED BANK (PAKISTAN) LIMITED---Respondent
  • 2025 C L D 1625 Messrs JS BANK LIMITED through Authorized Attorney---Plaintiff Versus Messrs GULISTAN TEXTILE MILLS LIMITED through Chief Executive/Director---Defendant
  • 2025 C L D 1269 Messrs JS BANK LIMITED through Authorized Attorney---Plaintiff Versus Messrs GULSHAN SPINNING MILLS LIMITED through Chief Executive / Director---Defendant
  • 2024 C L D 1199 Messrs FAROOQUI FISHERIES through Partner and others---Appellants Versus FAYSAL BANK LIMITED and another---Respondents
  • 2024 C L D 563 HABIB BANK LIMITED---Petitioner Versus AMIN SOAP AND OIL INDUSTRIES (PVT.) LTD.---Respondent