| Citation(s) |
|---|
| 2024 SLG 5155 2024 SLD 5155 2024 CLD 724 |
Lahore High Court
Writ Petition No.38033 of 2023, decided on 2nd February, 2024. Date of hearing: 19th December, 2023.
Before Sultan Tanvir Ahmad, J
Shahid Ikram Siddiqui, Muhammad Imran Malik, Akif Majeed Butt, Hassan Ismail, Asim Tufail Farooqi, Muhammad Bilal Mehmood, Barrister Sajid Ikram Siddiqui, Fazal Mahmood Chaudhary, Rao Zahid Tasawar, Shahzad Ahmad Qureshi, Mian Asghar Ali, Mian Ghulam Mohy-ud-Din, Tehseen Sarwar, M. Faizan Saleem, M. Imran Saleem, M. Usman Saleem, Taimur Saleem, Ms. Maha Batool, Ms. Hira Asif Awan, Nadeem Irshad, Muhammad Riaz, Ch. Abdul Razzaq and Ch. Mahmood-ur-Rehman for Petitioners. Tariq Kamal Qazi, Shoaib Rasheed, Syed Moazam Ali Shah, Barrister Syed Ali Rizvi, Hfeez Saeed Akhtar, Barrister Sheheryar Riaz, Syed Aatir Raza, Ali Yousaf, Afnan Malik, Haroon Yazdani, Muhammad Irfan, Rana Haseeb Ahmad Khan, Ahmad Jamal, Abdul Muqtadir Khan, Barrister Ahmed Pervaiz, Jawad H. Tarar, Ch. Muhammad Ijaz Jamal, Kh. M. Ajmal, Majid Ali Wajid, Muhammad Nashit, Ansar Shahzad, Bilal Riaz Sheikh, Nadeem Ahmad, Qaiser Abbas, Sheikh Zeeshan Ishfaq, Falak Sher, M. Nadeem, Asher Ellahi, Moeed Ahmad, Hussain Javed, Salman Ahmad, Muzammil Ashraf Qureshi, Tariq Nawaz Bhatti, Saeed Mushtaq, Mian Zaheer Ahmad, M. Jawad Khan Lodhi, Muhammad Ahmad Khan Niazi, Nauman Ahmad Chaudhary, Syed Samir Sohail, Rana Muhammad Ishaq, Shoaib Rashid, Ms. Manahil Khan, Abdul Hameed, Ch. Sohail, Rana Muhammad Akram, Syed Moazzam Ali Shah, Suhaib Ahsan, Zain-ul-Abideen, Ms. Ambreen Moieen, Ms. Javira Latif, Amir Wakil Butt, Syed Hassan Gillani, Atif Sattar Arieen, Ms. Lubna Saleem for
Respondents. Mir Haroon-ul-Rasheed, Assistant Attorney General. Muhammad Nasim Saqlain, Assistant Attorney General. Salman Asif Warraich, Assistant Advocate General. Makhdoom Owais, Assistant Director Investigation, FIA, and Zahoor Ahmad, Sub-Inspector FIA/CBC/LHR.
Writ Petition No.38033 of 2023, decided on 2nd February, 2024. Date of hearing: 19th December, 2023.
Before Sultan Tanvir Ahmad, J
Shahid Ikram Siddiqui, Muhammad Imran Malik, Akif Majeed Butt, Hassan Ismail, Asim Tufail Farooqi, Muhammad Bilal Mehmood, Barrister Sajid Ikram Siddiqui, Fazal Mahmood Chaudhary, Rao Zahid Tasawar, Shahzad Ahmad Qureshi, Mian Asghar Ali, Mian Ghulam Mohy-ud-Din, Tehseen Sarwar, M. Faizan Saleem, M. Imran Saleem, M. Usman Saleem, Taimur Saleem, Ms. Maha Batool, Ms. Hira Asif Awan, Nadeem Irshad, Muhammad Riaz, Ch. Abdul Razzaq and Ch. Mahmood-ur-Rehman for Petitioners. Tariq Kamal Qazi, Shoaib Rasheed, Syed Moazam Ali Shah, Barrister Syed Ali Rizvi, Hfeez Saeed Akhtar, Barrister Sheheryar Riaz, Syed Aatir Raza, Ali Yousaf, Afnan Malik, Haroon Yazdani, Muhammad Irfan, Rana Haseeb Ahmad Khan, Ahmad Jamal, Abdul Muqtadir Khan, Barrister Ahmed Pervaiz, Jawad H. Tarar, Ch. Muhammad Ijaz Jamal, Kh. M. Ajmal, Majid Ali Wajid, Muhammad Nashit, Ansar Shahzad, Bilal Riaz Sheikh, Nadeem Ahmad, Qaiser Abbas, Sheikh Zeeshan Ishfaq, Falak Sher, M. Nadeem, Asher Ellahi, Moeed Ahmad, Hussain Javed, Salman Ahmad, Muzammil Ashraf Qureshi, Tariq Nawaz Bhatti, Saeed Mushtaq, Mian Zaheer Ahmad, M. Jawad Khan Lodhi, Muhammad Ahmad Khan Niazi, Nauman Ahmad Chaudhary, Syed Samir Sohail, Rana Muhammad Ishaq, Shoaib Rashid, Ms. Manahil Khan, Abdul Hameed, Ch. Sohail, Rana Muhammad Akram, Syed Moazzam Ali Shah, Suhaib Ahsan, Zain-ul-Abideen, Ms. Ambreen Moieen, Ms. Javira Latif, Amir Wakil Butt, Syed Hassan Gillani, Atif Sattar Arieen, Ms. Lubna Saleem for
Respondents. Mir Haroon-ul-Rasheed, Assistant Attorney General. Muhammad Nasim Saqlain, Assistant Attorney General. Salman Asif Warraich, Assistant Advocate General. Makhdoom Owais, Assistant Director Investigation, FIA, and Zahoor Ahmad, Sub-Inspector FIA/CBC/LHR.
Sheikh MUHAMMAD ANWAR and 4 others---Petitioners
VERSUS
JUDGE BANKING COURT and another---Respondents
Law: Financial Institutions (Recovery of Finances) Ordinance, 2001
Section: 2(g)(ii), 20(1)(d)
(a) Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001)---
----S. 2 (g)(ii)---Willful default---Scope---Utilization of finance facility for a purpose other than for which the facility is obtained is a "Willful default".
(b) Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001)---
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