Legal Principle & Question Decided

Ruling Summary: This decision was rendered by the Islamabad High Court, officially reported as 2026 IHC 252088. In this matter between M/s Trader Service Association and ABL etc, the court adjudicated key questions of statutory construction, procedural regularity, and legal precedent under Pakistani law.

Core Holding: The honorable bench evaluated governing statutory provisions and judicial authorities to establish the rights of the parties, delivering the binding reasoning set out below.

Full Judgment Text & Judicial Ruling

COURT: Islamabad High Court (Honourable Mr. Justice Khadim Hussain Soomro) AUTHOR JUDGE: Former Honourable Chief Justice Mr. Justice Muhammad Anwar Khan Kasi DECISION DATE: 19-FEB-2026 CASE NO: Regular First Appeal-72-2021 CITATION: 2026 IHC 252088 PARTIES: M/s Trader Service Association VS ABL etc LAW / SECTION: - SUBJECT: Against Judgement & Decree, REMARKS: RFA under Sec. 22 FIRA (Financial Institutions (Recovery of Finances) ordinance 2001, wherein banking court decreed a suit of recovery ============================================================ ORDER SHEET IN THE ISLAMABAD HIGH COURT, ISLAMABAD JUDICIAL DEPARTMENT

RFA No. 72/2021 M/S Trade Service Association etc Versus Allied Bank Limited and others S. No. of order/ proceedings Date of order/ Proceedings Order with signature of Judge and that of parties or counsel where necessary. 19.,02.2026 Mr. Abdul Hameed Baloch Advocate for the appellant. Mr. Chaman Ali Abbasi Advocate for respondents.

Through this Regular First Appeal, the appellants prays as under;-

“ It is, therefore, respectfully prayed that the appeal may kindly be accepted and the impugned judgment and decree dated 05.11.2020 may kindly be set aside and leave to appear and defend the suit may kindly be granted to the appellants to meet the ends of justice and the respondents be restrained from taking any adverse action by way of attaching and selling the mortgaged properties.”

At the very outset, learned counsel for the appellants submits that the dispute between t he parties have been amicably settled before the learned Executing Court, therefore, he does not want to press the instant RFA. 2. Order accordingly. Disposed-of.

(MUHAMMAD ASIF) (KHADIM HUSSAIN SOOMRO) JUDGE JUDGE

S.Akhtar

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