Law: Civil Procedure Code (V of 1908)

Section: O.VIII,XX,R.6,19

Law: Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001)

Section: 15,19

(a) Civil Procedure Code (V of 1908)--- ----O. VIII, R. 6---Suit for recovery of money---Set-off against plaintiff's demands---Essentials---Set-off must be where a suit was one for recovery of money and amount in regard to such set off must be an ascertained sum of money, which must be legally recoverable by defendant(s)---Such amount must be recoverable by defendant from plaintiff(s) and must not exceed pecuniary limits of jurisdiction of the court in which the suit was brought---Both parties must fill, in the defendants claim to set off, the same character they fill in the plaintiff's suit---Set off claim must be pleaded in the manner prescribed in law and within period of limitation prescribed in law. Civil Aviation Authority v. JAPAK International (Pvt.) Ltd. 2009 SCMR 666; Ahmad Hassan v. Haji Ajab Khan and others 1985 CLC 1575; Lassoo & Sons v. Krishna Bahadur Nepali AIR 1932 Bom. 617; Jitendra Nath Ray v. Jananda Kanta Das Gupta AIR 1936 Cal. 277; Bai Harendra Nath Chaudhury v. Bai Sourindra Nath AIR 1942 Cal. 559; Sarawwathiswani v. Sridhora Siverama Moorthy AIR 1949 Mad. 630; Abdul Majid v. Abdul Rashid and others AIR 1950 All. 201; Shoebanchan Pandey and another v. Madho Sarah Chowbay and others AIR 1952 Pat. 73; Sarangdhar Singh and another v. Lakshmi Narayan Wahi AIR 1955 Pat. 320; Syed Naimat Ali and others v . Dewan Jairam Dass PLD 1983 SC 5; Har Prasad and another v. Firm Ram Sarup Radha Kishen AIR 1924 All 87, 2; Bhikanrao v. Shridhar AIR 1931 Nag. 12; Girdharilal Chaturbhuj v. Surajmal Chauthmal Agarwal AIR 1940 Nag. 177; Sankara Pillai v. Parameswaran Pillai AIR 1959 Ker. 352; AIR 1964 Mad. 108; Syed Ahmad Saeed Kirmani v. Messrs Muslim Commercial Bank Ltd., Islamabad 1993 SCMR 441; Khurshid Ahmed and another v. Khair Din PLD 1962 (W.P.) Lahore 313; Rai Harendra Nath Chaudhury v. Rai Sourindra Nath Choudhury and others AIR (29) 1942 Calcutta 559; (1881) 5 QBD 5691; (1878) 3 QBD 324 and Apollo Textile Mills Ltd. v. Soneri Bank Limited 2011 CLD 1655 rel. (b) Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001)--- ----Ss. 15 & 19---Execution of decree of Banking Court---Sale of mortgaged property---Rights of…

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