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Mortgagor as customer

Mortgagor as customer legal meaning, translation and judicial precedents.

Meaning & Judicial Interpretation: (اردو مفہوم اور قانونی تشریح)

2012 CLD 1336 LAHORE-HIGH-COURT-LAHORE Judicial Precedent
S. 2(c)Mortgagor as customerScope

Law does not contemplate that a mortgagor ought to be a beneficiary of finance or ought to have nexus with principal debtor in order to be liable on mortgage executed by him/her.

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Precedents & Case Laws citing "Mortgagor as customer"

CLD 2012
2011-November-11

2012CLD 1336

BANK OF KHYBER — Plaintiff Versus Messrs SPENCER DISTRIBUTION LTD. through Chief Executive and 14 others — Defendants

Court: Lahore
CLD 2020
2020-March-10

2020 C L D 638

MUHAMMAD SHOAIB ARSHAD and another — Petitioners Versus FEDERATION OF PAKISTAN through Secretary, Ministry of Law, Justice Human Rights and Parliamentary Affairs and 4 others — Respondents

Court: Lahore
CLC 1982
Suit No. 700 of 1978, decided on 17th September, 1981;"'

1982 C L C 1464

NATIONAL BANK OF PAKISTAN‑Plaintiff Versus ABDUL MAJEED KANJOO‑Defendant

Court: Karachi
CLD 2007
its merits---Subsection (12) of S.15 of Financial Institutions (Recovery of Finances) Ordinance, 2001, provided that neither Banking Court nor High Court was to grant an injunction restraining the sale or proposed sale of mortgaged property unless Court was satisfied that no mortgage in respect of immovable property had been created; or all money secured by mortgage of mortgaged property had been paid; or mortgagor or objector deposited in Banking Court in cash, the outstanding mortgage money--Section 15 of the Ordinance, required that in case of default in payment by customer, financial institution might send a notice to mortgagor demanding payment of mortgaged money outstanding within 14 days from service of notice and second notice in this regard was to be served within next 14 days---Mortgagor if jailed to pay amount after service of second notice, Uteri financial institution had to serve a final notice demanding payment within 30 days from service of notice on customer---Upon service of final notice, financial institution acquired right to recover rent and profit from mortgaged property till the time notice was withdrawn and to sell mortgaged property without intervention by public auction--Three notices served upon plaintiffs would satisfy requirements' of S.15(2) of the. Ordinance---Plaintiffs were not entitled to grunt of relief prayed in application for grant of u junction order against defendant--Interest of justice. however,, was to be served if defendant-Bank first sold one property of plaintiffs in the first instance and if from proceeds of sale, outstanding due could not be satisfied, then to put second mortgaged property for sale---Application was dismissed.?

2007 CLD 232

MUHAMMAD KHALID and 2 others — Plaintiffs Versus K.A.S.B. BANK LTD. through Managing Director — Defendant

Court: Karachi
PLD 1949
Second Appeal under Restitution of Mortgaged Land Act, decided on 31st August, 1948, from the order of the Commissioner, Rawalpindi, dated 20th May, 1946.

P L D (Rev

K. B. MUZAFFAR KHAN‑Appellant Versus S. RAB NAWAZ KHAN‑Respondent

Court:
PLD 2014
2013-December-10

P L D 2014 Supreme Court 283

NATIONAL BANK OF PAKISTAN and 117 others — Appellants Versus SAF TEXTILE MILLS LTD. and another — Respondents

Court: Supreme Court of Pakistan
CLD 2004
Amended Writ Petition No. 24830 of 1998, heard on 23rd October, 2003.

2004 C L D 195

UNITED BANK LTD., LAHORE‑‑‑Petitioner Versus JUDGE BANKING COURT NO.IV, LAHORE and 2 others‑‑‑Respondents

Court: Lahore
MLD 1987
Civil Revision No.960 of 1985, decided on 18th July, 1'987.

1987 M L D 2900

JIRAN BIBI and others — Petitioners Versus KHAIR DIN and others — Respondents

Court: Lahore
CLD 2009
2008-December-23

2009 C L D 257

MUHAMMAD UMER RATHORE — Petitioner Versus FEDERATION OF PAKISTAN — Respondent

Court: Lahore
PLD 2009
2008-December-23

P L D 2009 Lahore 268

MUHAMMAD UMER RATHORE — Petitioner Versus FEDERATION OF PAKISTAN — Respondent

Court: High Court

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