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

Section: 22 (1)

ORDER

YOUSUF ALI SAYEED, J. The Appellant, a financial institution, has preferred this Appeal under Section 22 (1) of the Financial Institutions (Recovery of Finances) Ordinance, 2001 (the “Ordinance”), impugning the Judgment rendered by the Banking Court No. V at Karachi (the “Banking Court”) on 16.01.2018 in Suit No. 605 of 2007 (the “Suit”) instituted by the Respondent No.1, its customer, for Declaration, Possession, Recovery of Damages, Rendition of Account and Permanent Injunction stemming from the repossession of one of two motor vehicles obtained by way of a car finance facility.

2. Through the impugned Judgment, the Suit was decreed as against the Appellant and its functionaries jointly and severally as per prayer clauses, A, C, E, F and G, with the relief thereby elicited being: