645/2003 Suit VOLGA INTERNATIONAL LTD. (Plaintiff) V/S SHAHEEN AIR CAROG (Defendant)
Sindh High Court
Bench: Hon'ble Mr. Justice Jawad Akbar Sarwana(Author)
Order Date: 28-AUG-23
Plaintiff filed suit for recovery five years from the date when the amount became due. Acknowledgement of liability by Defendant addressed to an unrelated third party, accepting part-liability on the part of Defendant covered by Section 19 of the Limitation Act, 1908. Extended the period of limitation. Defendant accepted part-claim. Suit partly decreed to the extent of acknowledgement of liability coupled with 1% simple markup. Court's discretion to award lower markup as banks in Pakistan currently offering much lower markup on US$ deposits compared to what banks are currently offering on PKR deposits.Full judgment text for this case is not yet available on Pakistan Law Reports. Check the official Sindh High Court case law portal for the complete order.
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