Register
Home › Maxims & Terms › Termination of loan meaning in Urdu
Legal Term Pakistani Jurisprudence Reference

Termination of loan

Termination of loan legal meaning, translation and judicial precedents.

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

2013 PLD 305 LAHORE-HIGH-COURT-LAHORE Judicial Precedent
Reglns. 6 & 14Constitution of Pakistan, Art.199Constitutional petitionConsumer financingAuto-financeTermination of loan

Consumer impugned actions of respondent Bank whereby his car finance loan was terminated a few months after the disbursement of the loan, and he was asked to pay an amount for delivery of the vehicle to the petitioner

Contention of the petitioner was that the action of the respondent (Bank) was in violation of the Prudential Regulations for Consumer finance issued by the State Bank of Pakistan

Validity

Termination of auto-lease was effected without notice and without the case of the petitioner incurring classification under Regln.14 of the said Prudential Regulations for Consumer Finance (State Bank of Pakistan)

Termination letter was not preceded by any notice in terms of Regln.6 of the Prudential Regulations for Consumer Finance (State Bank of Pakistan) and the specific default period of 90 days as per the said Regulations, was not attracted to the present case and the repossession of the vehicle was therefore contrary to the said Regulations

Conduct of the respondent bank also had an element of mala fide and coercion and there was a failure of the respondent Bank to confront the petitioner with his specific default and with the means to cure the same

High Court directed the State Bank of Pakistan to probe the transactions and dealing of the respondent Bank in order to determine a suitable compensation for the petitioner and to take appropriate action against the respondent Bank

Constitutional petition was disposed of accordingly.

2013 CLD 1705 LAHORE-HIGH-COURT-LAHORE Judicial Precedent
Reglns. 6 & 14Constitution of Pakistan, Art.199Constitutional petitionConsumer financingAuto-financeTermination of loan

Consumer impugned actions of respondent Bank whereby his car finance loan was terminated a few months after the disbursement of the loan, and he was asked to pay an amount for delivery of the vehicle to the petitioner

Contention of the petitioner was that the actions of the respondent (Bank) were in violation of the Prudential Regulations for Consumer Finance issued by the State Bank of Pakistan

Validity

Termination of auto-lease was effected without notice and without the case of the petitioner incurring classification under Regln.14 of the said Prudential Regulations for Consumer Finance (State Bank of Pakistan)

Termination letter was not preceded by any notice in terms of Regln.6 of the Prudential Regulations for Consumer Finance (State Bank of Pakistan) and the specific default period of 90 days as per the said Regulations, was not attracted to the present case and the repossession of the vehicle was therefore contrary to the said Regulations

Conduct of the respondent bank also had an element of mala fide and coercion and there was a failure of the respondent Bank to confront the petitioner with his specific default and with the means to cure the same

High Court directed the State Bank of Pakistan to probe the transactions and dealing of the respondent Bank in order to determine a suitable compensation for the petitioner and to take appropriate action against the respondent Bank

Constitutional petition was disposed of accordingly.

Sponsored Content / تشہیری مواد
How to cite this page: "Termination of loan", Pakistan Law Portal, available at: https://paklawportal.com/words-terms-maxims/124940220

Precedents & Case Laws citing "Termination of loan"

CLD 2013
2012-October-30

2013 C L D 1705

MUHAMMAD RIAZ — Petitioner Versus PRESIDENT, P.C. BANK, LAHORE — Respondent

Court: Lahore
PLD 2013
2012-October-30

P L D 2013 Lahore 305

MUHAMMAD RIAZ — Petitioner Versus PRESIDENT, P.C. BANK, LAHORE — Respondent

Court: High Court
PLC 1995
Appeal No. KAR‑433 of 1993, decided on 15th January, 1995.

1995 P L C 253

BANK OF AMERICA, KARACHI through Vice‑President Versus MUHAMMAD AKRAM

Court: Labour Appellate Tribunal Sindh
PLD 1994
Regular First Appeal No. 6 of 1990, decided on 24th January, 1994.

P L D 1994 Peshawar 88

SHAH NAWAZ — Appellant Versus ALLIED BANK OF PAKISTAN LTD. — Respondent

Court:
PLC(CS) 2001
Civil Petitions Nos. 2110-L, 2111-L, 2113-L, 2117-L, 2119-L, 2120-L, 2128-L, 2140-L, 2144-L 2145-L, 2165-L, 2169-L, 2184-L to 2186-L, 2189-L, 2191-L, 2192-L, 2194-L to 2196-L, 2201-L, 2203-L, 2207-L, 2230-L, 2488-L to 2492-L of 2000, Civil Petitions Nos. 2092-L to 2109-L, 2112-L, 2114-L to 2116-L, 2118-L, 2121-L to 2127-L; 2129-L to 2139-L, 2141-L to 2143-L, 2146-L to 2164-L, 2166-L, 2167-L, 2168-L, 2170-L to 2183-L, 2187-L, 2188-L, 2190-L, 2193-L, 2197-L to 2199-L, 2202-L, 2204-L to 2206-L, 2208-L to 2229-L, 2231-L, 2243-L to 2245-L, 2200-L, 2333-L to 2335-L of 2000, decided on 23rd October, 2000.

2001 P L C (C

NASEER AHMAD KHAN and others Versus PRESIDENT, UBL and others

Court: Supreme Court of Pakistan
SCMR 2001
Civil Petitions Nos. 2110-L, 2111-L, 2113-L, 2117-L, 2119-L, 2120-L, 2128-L, 2140-L, 2144-L, 2145-L, 2165-L, 2169-L, 2184-L to 2186-L, 2189-L, 2191-L, 2192-L, 2194-L to 2196-L, 2201-L, 2203-L, 2207-L, 2230-L, 2488-L to 2492-L o'- 2000, ,Civil Petitions Nos. 2092-L to 2109-L, 2112-L, 2114-L to 2116-L, 2118-L, 2121-L to 2127-L, 2129-L to 2139-L, 2141-L to 2143-L, 2146-L to 2164-L, 2166-L, 2167-L, 2168-L, 2170-L to 2183-L, 2187-L, 2188-L, 2190-L, 2193-L, 2197-L to 2199-L, 2202-L, 2204-L to 2206-L, 2208-L to 2229-L, 2231-L, 2243-L to 2245-L, 2200-L, 2333-L to 2335-L of 2000, decided on 23rd October, 2000.

2001 S C M R 782

NASEER AHMAD KHAN and others — Petitioners Versus PRESIDENT, UBL and others — Respondents

Court: Supreme Court of Pakistan
CLC 1984
Mst. SUHAIL BI AND ANOTHER--‑Defendants Suit No. 18 of 1981, decided on 20th January, 1983.

1984 C L C 1936

NATIONAL BANK OF PAKISTAN‑ — Plaintiff Versus Mst. SUHAIL BI AND ANOTHER — ‑Defendants Suit No. 18 of 1981, decided on 20th January, 1983.

Court: Karachi
PLC(CS) 1971
Complaint Case No. 604 of 1969, decided on 15th August 1970.

1971 P L C 531

Syed MAZHARUDDIN AHMED Versus PAKISTAN PAINTS LTD., CHITTAGONG

Court: East Pakistan Labour Court
PLC 1979
Constitutional Petition No. 33 of 1976, decided on 1st October 1978.

1979 P L C 53

INDUS DYEING AND MANUFACTURING Co. LTD., KARACHI Versus SIND LABOUR COURT No. V, KARACHI AND 2 OTHERS

Court: Karachi
PLC(CS) 2003
Civil Petitions Nos. 1235 to 1245, 1248, 1371 to 1376 and 1405 to 1408 of 2001, decided on 26th November, 2001.

2003 P L C (C

MUHAMMAD NAEEM and others Versus U.B.L. through its President and others

Court: Supreme Court of Pakistan

Dictionary Search

Advertisement

Explore Legal Library

Pakistan Law Portal is an advanced digital repository of legal precedents, statutes, and judicial terms. Utilize citation search or keywords to discover relevant case law.

Back to Library