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2002 CLD 867

ALBARAKA ISLAMIC BANK B.S.C. (E.C.) through Senior VicePresident vs

Citation2002 CLD 867
CourtLahore High Court
Judge(s)Jawwad S. Khawaja, Abdul Shakoor Paracha
ResultAppeal allowed

' JAWWAD S. KHAWAJA, J.---The respondents have been served, but none has appeared on their behalf despite service. They are proceeded against ex parte.

2. We have gone through the impugned order, dated 21-12-2001 and have noted the operative part of the said order in our previous order, dated 21-1-2002. Since no reasons whatsoever have been given by the learned Banking Court for its finding that the action of the decree-holder Bank is not fair and also because no basis has been given at all to support the conclusion reached by the learned Banking Court in the impugned order, we set aside the same.

3. In the circumstances, the petition filed by the respondent judgment-debtors shall be deemed to be pending before the learned Banking Court. The same shall be decided after notice to the parties, and on the basis of reasoning sustainable at law.

' The appeal is allowed in the above terms.

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