Loan defaulter
Loan defaulter legal meaning, translation and judicial precedents.
Meaning & Judicial Interpretation: (اردو مفہوم اور قانونی تشریح)
Appellant bank preferred direct appeal before High Court alleging that respondent candidate was wilful defaulter of loan
Plea raised by respondent was that he was guarantor and not principal debtor
Validity
Decree was passed against respondent and the same had been upheld by Supreme Court but it remained unsatisfied
Liability of guarantor was co-extensive with that of principal debtor, therefore, respondent was liable to pay decretal amount
Respondent did not disclose fact of passing of decree against him in his nomination papers
Respondent was not only adjudged defaulter in terms of S.14 (5A) of Representation of the People Act, 1976, but was also guilty of concealment of facts
Candidature of respondent was hit by provisions of Arts.62 & 63 of the Constitution read with S.14 (5A) of Representation of the People Act, 1976
Election Tribunal directed to delete name of respondent from list of validly nominated candidates of the constituency and his nomination papers were rejected
Appeal was allowed accordingly.
"Loan defaulter", Pakistan Law Portal, available at: https://paklawportal.com/words-terms-maxims/124941701
Precedents & Case Laws citing "Loan defaulter"
2019 M L D 541
ABDUL SATTAR BACHANI — Petitioner Versus RETURNING OFFICER and 4 others — Respondents
Court: SindhP L D 2023 Supreme Court 252
ABID AMIN and 2 others — Petitioners Versus NATIONAL ACCOUNTABILITY BUREAU and others — Respondents
Court: High CourtP L D 2007 Supreme Court 243
NATIONAL ACCOUNTABILITY BUREAU and others — Petitioners Versus RAHEEL RASHID and others — Respondents
Court: High Court2016 S C M R 800
Messrs WORLD TRANS LOGISTICS and others — Petitioners Versus SILK BANK LIMITED and others — Respondents
Court: Supreme Court of Pakistan2019 Y L R 643
Syed SHAFQAT HUSSAIN SHAH — Appellant Versus RETURNING OFFICER and another — Respondents
Court: Sindh2004 P T D (Trib
N/A
Court: Income‑tax Appellate Tribunal PakistanP L D 2013 Sindh 357
NASEEM ABDUL SATTAR and 6 others — Petitioners Versus FEDERATION OF PAKISTAN and 4 others — Respondents
Court: High CourtP L D 2005 Lahore 692
RAHEEL RASHID — Petitioner Versus NATIONAL ACCOUNTABILITY BUREAU, ISLAMABAD through Chairman and 2 others — Respondents
Court: High Court2021 P Cr
MUHAMMAD ARSHAD LATIF and another — Appellants/Petitioners Versus The STATE through Chairman, National Accountability Bureau and another — Respondents
Court: Sindh2021 C L D 1252
MUHAMMAD ARSHAD LATIF and another — Appellants/Petitioners Versus The STATE through Chairman, National Accountability Bureau and another — Respondents
Court: Sindh