1. By this appeal under section 22 of Financial Institutions (Recovery of Finances) Ordinance, 2001 (thereinafter referred to as the Ordinance, 2001), the appellants have challenged the order dated 23-5-2008 on the sole ground that their application under section 19(1) of the Ordinance of 2001 along with other applications was disposed of by Banking Court without assigning any reason whatsoever.
2. ' The submission of learned counsel, Mr. Saalim Salam Ansari, is that appellants' application under section 19(1) of the Ordinance 2001 has been disposed of without assigning any reason whatsoever.
3. ' When confronted with this situation, Mr. Ijaz Ahmad, learned counsel for the respondents has candidly conceded to the contention of the learned counsel for the appellants, as also apparent from the last paragraph of the impugned order.
4. This being the un-controverted position, we dispose of this appeal by partially modifying the impugned order dated 23-5-2008 to the extent that the application under section 19(1) of the Ordinance of 2001 read with section 151 moved by the B appellants before the Banking Court in Suit No,43 of 2003 in Ex.No,22 of 2006, shall be heard afresh and be positively disposed of within thirty days from the date of communication of this order. revisions by the competent authorities. Therefore, it is advisable to consult the official sources or legal professionals for the most up-to-date and accurate information.