Recovery suit defence under the Financial Institutions (Recovery of Finances) Ordinance 2001, leave-to-defend applications, s.15 extra-judicial sale challenges, interim and final decree proceedings, State Bank of Pakistan regulatory compliance, Islamic finance disputes, and banking rights for non-resident Pakistanis.
Recovery suits before Banking Courts fall under FIRO 2001. A defendant has 30 days from service to file a leave-to-defend application under s.10 or the claim can proceed to decree unopposed. Matters exceeding Rs.100,000,000 in pecuniary value fall under High Court jurisdiction instead of the Banking Court, per s.2(b)(ii) as amended in 2016.
A borrower was served a recovery suit for a claimed outstanding balance that had not been recalculated to reflect partial payments made over the preceding two years. The leave-to-defend application set out the correct running balance with supporting bank statements, and the matter was resolved by consent decree at a substantially reduced figure before trial.
Illustrative summary of a real matter type we handle. Names, dates, and identifying details are withheld or altered to protect client confidentiality, this is not a verbatim case record.
SECP incorporation, Companies Act 2017 compliance, mergers and acquisitions advisory, shareholder agreements, joint vent…
Khula proceedings under the Dissolution of Muslim Marriages Act 1939, Talaq and Muslim Family Laws Ordinance 1961 regist…
FBR income tax notices under sections 111, 122, and 177 of the Income Tax Ordinance 2001, Appellate Tribunal Inland Reve…
Title verification, sale and purchase deed drafting, DHA and LDA disputes, illegal possession injunctions under Order 39…
UK visa refusal appeals and Administrative Review, legal rights management for overseas Pakistanis via Special Power of …
Prosecution and defence under the Prevention of Electronic Crimes Act 2016, FIA Cybercrime Wing complaints, data privacy…