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Petitioner: Messrs KOHINOOR LOOMS LTD. VS Respondent: MCB BANK LTD.
Court Name: Supreme Court of Pakistan Judge(s): Asif Saeed Khan Khosa, Tasaddaq Hussain Jillani Title: Messrs KOHINOOR LOOMS LTD. vs MCB BANK LTD. Case No.:Civil Petition No,145-L and C.M.A. 62-L of 2010 Petition No,145-L and C.M.A.
62-L of 2010 E.F.A. No,3 of 2010 Date of Judgment:2010-03-03 Reported As: 2010 CLD 974 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 as Pakistan Industrial Credit and Investment Corporation Limited and other v. Government of Pakistan 2002 CLD 1 to contend that the learned High Court fell in error in holding that the order passed by the learned Banking Judge was not appealable. Adds that the reserve price fixed by the learned High Court 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.