Rescheduled facility
Rescheduled facility legal meaning, translation and judicial precedents.
Meaning & Judicial Interpretation: (اردو مفہوم اور قانونی تشریح)
Banking Court dismissed the suit filed by bank on the ground that it was based upon rescheduled facility which was like charging markup on markup
Validity
Effect of rescheduling or restructuring of finance facility was mutually agreed by parties to be absorbed by future interest or markup till agreed date of liquidation of liability
Rescheduling, restructuring and renewal was also a facility or accommodation granted by bank to customer and the same had been recognized as 'obligation' as defined in S. 2(e) of Financial Institutions (Recovery of Finances) Ordinance, 2001
High Court set aside the judgment and decree passed by Banking Court and decreed the suit in favour of bank
Appeal was allowed in circumstances.
"Rescheduled facility", Pakistan Law Portal, available at: https://paklawportal.com/words-terms-maxims/124953476
Precedents & Case Laws citing "Rescheduled facility"
2015 C L D 429
CITIBANK N.A. through Branch Manager — Appellant Versus AMEER ALAM — Respondent
Court: Lahore2005 C L D 1450
ASKARI COMMERCIAL BANK LIMITED through Attorneys-Appellant Versus IMPERIAL HOSIERY (PVT.) LIMITED through Chief Executive and 11 others — Respondents
Court: Lahore2004 C L D 1117
HABIB BANK LIMITED‑‑‑ Petitioner Versus SERVICE FABRICS LTD. and others‑‑‑Respondents
Court: Lahore2001 M L D 1317
NATIONAL BANK OF PAKISTAN‑‑‑Plaintiff Versus AL‑ASIF SUGAR MILLS LIMITE4 and others‑‑‑Defendants
Court: Karachi2005 C L D 1445
Messrs CHAUDHRY WEAVING FACTORY and 2 others through Partner — Appellants Versus NATIONAL BANK OF PAKISTAN through Vice-President/General Attorney
Court: Lahore2015 C L D 1555
Mian MUHAMMAD AMJAD and others — Appellants Versus HABIB BANK LIMITED through Branch Manager and others — Respondents
Court: Lahore2012 C L D 961
BANK OF PUNJAB through Authorised Officer — Plaintiff Versus Messrs KNK INFRASTRUCTURE (PVT.) LTD. through Chief Executive Officer and 2 others — Defendants
Court: Lahore2015 C L D 1567
The BANK OF PUNJAB through Executive Vice-President — Plaintiff Versus FLYING CEMENT COMPANY LIMITED through CEO/Director and 14 others — Defendants
Court: Lahore2017 C L D 1745
ALLIED BANK LIMITED through General Attorneys — Plaintiff Versus Messrs RAFI COTTON INDUSTRIES (PVT.) LIMITED through Chairman and others — Defendants
Court: Lahore (Multan Bench)2009 C L D 412
H.B.L. — Plaintiff Versus CRESCENT SOFTWEAR PRODUCTS (PVT.) LTD. — Defendant
Court: Lahore