| Citation(s) |
|---|
| 2006 SLG 2961 2006 SLD 2961 2006 CLD 1537 |
Sindh High Court
Banking Suit No.15, C.M.As. Nos.2170 and 3060 of 2006, decision dated: 13-09-2006.
KHILJI ARIF HUSSAIN, J
Saalim Salam Ansari with Mukhtar Ahmed Kober for Plaintiff. Nadeem Ahmed for Defendants with Anwar Saeed, Vice-President, KASB Bank Ltd.
Banking Suit No.15, C.M.As. Nos.2170 and 3060 of 2006, decision dated: 13-09-2006.
KHILJI ARIF HUSSAIN, J
Saalim Salam Ansari with Mukhtar Ahmed Kober for Plaintiff. Nadeem Ahmed for Defendants with Anwar Saeed, Vice-President, KASB Bank Ltd.
Rana MUNEER AHMED--Plaintiff
VS
. KASB BANK LIMITED and another----Defendants
Law:
Section:
Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001)-------Ss. 2(b)(ii), 9 & 23---Suit for recovery of loan---Interim order---Application for---Plaintiff filed application to restrain defendants from halting, snatching, taking possession and/or causing hindrance of whatsoever nature in the operation of the buses plying on route---With consent of parties, to safeguard the interestof all interested parties in the matter, High Court appointed. Official Assignee as Receiver of 25 buses and directed that plaintiff would continue to operate buses under the supervision of Official Assignee or his nominee; that plaintiff would submit fortnightly account with Official Assignee and would deposit 50% of receipts with Official Assignee that Official Assignee would make necessary arrangement for inspection of said buses and that Official Assignee would take assistance ofdefendants, if any, required in discharge of his duties as Receiver. ORDER KHILJI ARIF HUSSAIN, J.---C.M.A. No.2170 of 2006: The plaintiff filed this application to restrain the defendants or any other person(s) claiming through them from halting, snatching, taking possession and/or causing hindrance of whatsoever nature in the operation of the buses plying on the route UTS-11. Interim order was passed on 28-3-2006. After hearing the learned counsel for the parties at length and from perusing the record it appears that a considerable amount of finance has been provided by the defendants, out of which a good proportionate of it is outstanding against the plaintiff. Without going into the merits and without prejudice to the respective contentions of the learned counsel for the parties and to safeguard the interest of all the interested parties in the matter, with the consent of the learned counsel for the…
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