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Petitioner: Messrs KOHINOOR LOOMS LIMITED VS Respondent: MCB BANK LIMITED
Court Name: Supreme Court of Pakistan Judge(s): Asif Saeed Khan Khosa, Tasaddaq Hussain Jillani Title: Messrs KOHINOOR LOOMS LIMITED vs MCB BANK LIMITED Case No.: Civil Petition No, 145-L and C.M.A. No, 62-L of 2010 Date of Judgment:2010-03-03 Reported As: 2011 SCMR 298 Result: Leave granted
Judgment 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.