39/2021 Suit.B THE BANK OF PUNJAB (Plaintiff) V/S M/S HASCOL PETROLEUM LIMITED (Defendant)
Bench: Hon'ble Chief Justice Mr. Justice Muhammad Shafi Siddiqui(Author)
39/2021 Suit.B THE BANK OF PUNJAB (Plaintiff) V/S M/S HASCOL PETROLEUM LIMITED (Defendant) Sindh High Court
Bench: Hon'ble Chief Justice Mr. Justice Muhammad Shafi Siddiqui(Author) Order Date: 06-FEB-23
----With regard to candid admission on the part of the defendant, the execution of documents referred above including a request letter for grant of loan, sanction letters, finance agreements and creation of charge documents are of much significance. ----Defendants have neither denied execution of agreement nor challenged the authority of Mr. Jawed Khan to execute the agreement with it on behalf of the bank. It is thus not a question of law that could form substantial question out of the pleadings in consideration of law of Financial Institutions (Recovery of Finances) Ordinance, 2001 and execution of documents in particular