26/1995 I. A Bankers Equity Limited (Appellant) V/S M/S East West Insurance Company Limited & Others (Respondent)

Sindh High Court2026

Bench: Hon'ble Mr. Justice Muhammad Faisal Kamal Alam, Hon'ble Justice Ms. Sana Akram Minhas(Author)

26/1995 I. A Bankers Equity Limited (Appellant) V/S M/S East West Insurance Company Limited & Others (Respondent) Sindh High Court

Bench: Hon'ble Mr. Justice Muhammad Faisal Kamal Alam, Hon'ble Justice Ms. Sana Akram Minhas(Author) Order Date: 30-MAR-26

Insurance company issuing a guarantee - Neither the Insurance Company assumes status of a "customer" nor the Insurance Guarantee falls within the statutory definition of "finance" within meaning of Banking Tribunals Ordinance, 1984 - Rights and liabilities of parties to be determined in accordance with its stipulated terms - Scope cannot be expanded beyond its express terms - Terminal jurisdiction cannot be invoked by recharacterizing a commercial guarantee as a financing transaction.

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26/1995 I. A Bankers Equity Limited (Appellant) V/S M/S East West Insurance Company Limited & Others (Respondent)

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