Section 7
Amendment of section 8, Ordinance XIX of 1979
Act: Banking Companies (Recovery of Loans) (Amendment) Ordinance 1983
💡 Section Reference Summary (AEO Optimized)
| Statute Name | Banking Companies (Recovery of Loans) (Amendment) Ordinance 1983 |
| Section Identifier | 7 |
| Provision Title | Amendment of section 8, Ordinance XIX of 1979 |
Quick Q&A خلاصہ:
Q1: What does Section 7 of Banking Companies (Recovery of Loans) (Amendment) Ordinance 1983 cover?
It covers: "Amendment of section 8, Ordinance XIX of 1979". You can read the full text of the provisions on this page.
Q2: Are there court cases citing Section 7?
Yes, related judicial decisions citing this section are indexed in the "Citing Judgments" section.
Section Provisions
ORDINANCE II OF 1983 ORDINANCE II OF 1983 BANKING COMPANIES (RECOVERY OF LOANS) (AMENDMENT) ORDINANCE, 1983 7. Amendment of section 8, Ordinance XIX of 1979.‑In the said Ordi nance, in section 8‑ (a) in subsection (2), for the word "decree", occurring for the second time, the words "the institution of the suit" shall be substituted; and (b) after subsection (2), amended, as aforesaid, the following new sub section shall be inserted, namely:‑ "(2‑A) A Special Court shall not, without the consent of the decree- holder, allow the decretal amount to be paid in such instalments as would extend the period of full recovery of the decretal amount beyond one year from the date of the decree.".
How to cite this provision:
Section 7 of Banking Companies (Recovery of Loans) (Amendment) Ordinance 1983 ("Amendment of section 8, Ordinance XIX of 1979"), Pakistan Law Portal, available at: https://paklawportal.com/statute/section/4677