Authorization of Officers to File Suits for Financial Institutions

Mr. Justice Shams Mehmood Mirza in his judgment has decided the issue regarding authorization of officers to file suits for financial institutions in Regular First Appeal No. 655 of 2011. 1. This regular first appeal filed under section 22 of the Financial Institutions (Recovery of Finances) Ordinance, 2001 (the Ordinance) calls into question judgment and Read more about Authorization of Officers to File Suits for Financial Institutions[…]

Competence of Financial Institution’s Signatories for Banking Recovery Suit

Mr. Justice Ibad-ur-Rehman Lodhi in his judgment has decided the issue regarding competence of financial institution’s signatories for banking recovery suit on the touchstone of Section 9 of Financial Institutions (Recovery of Finances) Ordinance 2001 in Regular First Appeal No. 201 of 2014. 1. The appellants have challenged the judgment and decree dated 12.02.2014, passed Read more about Competence of Financial Institution’s Signatories for Banking Recovery Suit[…]