| Citation(s) |
|---|
| 2025 SLG 691 2025 SLD 691 = 2025 LHC 887 |
C.O.S. No. 07 / 2014 & P.L.A. No. 08 /2014
ABID HUSSAIN CHATTHA, J
Date of Hearing: 10.03.2025 Date of Judgment: 18.03.2025 Plaintiff By: Syed Muhammad Kaswar Gardezi, Advocate Defendants By: Mr. Mughees Aslam Malik, Advocate Mr. Sohail Iqbal Bhatti, Advocate Malik Muhammad Husnain Rajwana, Advocate
The Bank of Punjab
VERSUS
M/s Agri International & 05 others
Law: Financial Institutions (Recovery of Finances) Ordinance, 2001
Section: 9(3),10
Law: Code of Civil Procedure (CPC) , 1908
Section: VI, Rule 17
Law: Contract, Act, 1872
Section: 126,128,133-135
Summary of the Order
This case involves a recovery suit filed by the Plaintiff Bank against the Defendants under Section 9 of the Financial Institutions (Recovery of Finances) Ordinance, 2001, seeking Rs. 118,998,622.14/- with markup and costs.
Application (C.M. No. 1431-C / 2017)
Defendant No. 4’s Claim: Filed an amendment application under Order VI, Rule 17 of the CPC, stating that he was wrongly impleaded as a guarantor and neither a partner of Defendant No. 1 nor a mortgagor.
Key Evidence: Two letters (dated 28.12.2010 and 02.02.2011) allegedly waived off a special condition in the Facility Offer Letter of Defendant No. 1.
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