Section 14
Decree in suits relating to mortgages
Act: Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act 1997
💡 Section Reference Summary (AEO Optimized)
| Statute Name | Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act 1997 |
| Section Identifier | 14 |
| Provision Title | Decree in suits relating to mortgages |
Quick Q&A خلاصہ:
Q1: What does Section 14 of Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act 1997 cover?
It covers: "Decree in suits relating to mortgages". You can read the full text of the provisions on this page.
Q2: Are there court cases citing Section 14?
Yes, related judicial decisions citing this section are indexed in the "Citing Judgments" section.
Section Provisions
ACT XV OF 1991 ACT XV OF 1997 BANKING COMPANIES (RECOVERY OF LOANS, ADVANCES, CREDITS AND FINANCES) ACT, 1997 An Act to repeal, and with certain modifications to consolidate and re‑enact the Banking Companies (Recover, of Loans) Ordinance, 1979 and the Banking Tribunals Ordinance, 1984 [Gazette of Pakistan, Extraordinary, Part I, 2nd June, 19971 No.F.9(19)/97‑Legis., dated 2‑6‑1997.‑‑The following Act of Majlis‑e 3hoora (Parliament) received the assent of the President on the 31st May, 1997 s hereby published for general information: Whereas it is expedient further to repeal and with certain modifications to consolidate and re‑enact the Banking Companies (Recovery of Loans) Ordinance, 1979 (XIX of 19,79) and the Banking Tribunals Ordinance, 1984 (LVIII of 1984); It is hereby enacted as under:‑‑ 14. Decree in suits relating to mortgages.‑‑Where the claim filed by a Banking Company before the Banking Court is for the enforcement, of a mortgage of immovable property the Court will not be required to pass a preliminary decree as provided in Order XXXIV of the First Schedule to the Code of Civil Procedure, 1908 (Act V of 1908), but shall directly pass a final decree for foreclosure or sale.
How to cite this provision:
Section 14 of Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act 1997 ("Decree in suits relating to mortgages"), Pakistan Law Portal, available at: https://paklawportal.com/statute/section/31093