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2011 SCMR 298

Messrs KOHINOOR LOOMS LIMITED vs MCB BANK LIMITED

Citation2011 SCMR 298
CourtSupreme Court of Pakistan
Case No.Civil Petition No, 145-L and C.M.A. No, 62-L of 2010
Date2010-03-03
Judge(s)Asif Saeed Khan Khosa, Tasaddaq Hussain Jillani
ResultLeave granted

ORDER

TASSADUQ HUSSAIN JILLANI, J.---Refers to section 22(6) of the Financial Institutions (Recovery of Finances) Ordinance, 2001 and relies on a judgment of this Court reported at Pakistan Industrial Credit and Investment Corporation Limited and others v. Government of Pakistan (2002 CLD 1) to contend that the learned High Court fell in IA error in holding that the order passed by the learned Banking Judge was not appealable. Adds that the reserve price fixed by the learned HighCourt is presumptuous and not in accord with its market value.

2. Having considered the submissions made, leave is granted to consider the afore-referred issue raised and any other issue which may arise.

CMA 62-L of 2010

3. Notice for 22-3-2010.

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