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Citation: 2003 CLD 53
Court: Lahore High Court
Year: 1970
Decision Date: 1970-01-01
Parties: Messrs ABDULLAH TEHSEEN TRADING COMPANY and 15 others vs PLATINUM COMMERCIAL BANK LIMITED through Chief Manager
Case cited as 2003 CLD 53
Court Name: Lahore High Court Judge(s): Abdul Shakoor Paracha, Mian Hamid Farooq Title:Messrs ABDULLAH TEHSEEN TRADING COMPANY and 15 others vs PLATINUM COMMERCIAL BANK LIMITED through Chief Manager Case No.: Regular First Appeal No,169 of 1999 Appeal No,169 of 1999 Date of Judgment:1970-01-01 Reported As: 2003 CLD 53 Result: Appeal dismissed Judgment ORDER ' The appellants/judgment-debtors, through the filing of this first appeal, has called' in question judgment and decree dated 8-2-1999, whereby, the learned Judge Banking Court passed a decree for the recovery of Rs,2,30,40,356.69 against the appellants and favouring the respondent-Bank. '2. Facts leading to the filing of the present appeal are that, on 14-5-1998, the respondent-Bank, through its duly authorized principal officer, filed a suit for recovery of Rs,2,30,40,356.69, against appellants before Judge Banking Court and pursuant to the issuance of summons, as required under the law, the appellants filed an application for leave to defend the suit, thereby taking certain legal objections. However, the learned Banking Court, after hearing the parties, and after finding that no serious bona fide questions of law and facts were raised by the appellants, dismissed their application for leave to defend the suit and consequently passed a decree for the recovery of Rs,2,30,40,356.69 with costs against all the appellants, jointly and severally, vide judgment and decree dated 8-2-1999, hence the present appeal. 3. The…
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