ORDER SHEET

IN THE HIGH COURT OF SINDH AT KARACHI

I.A. No.32 of 2022

___________________________________________________________________ Date Order with signature of Judge

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FRESH CASE:

1. For order on CMA No.923/2022 (Exemption).

2. For hearing of main case.

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11^th April 2022

Mr. Waqar Ahmed, Advocate for Appellant.

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1. Exemption granted subject to all just exceptions.

2. Instant appeal arises against impugned order dated 15.01.2022 and decree dated 17.02.2022 passed by the learned Banking Court No.I, at Karachi in Suit No.338 of 2018 filed by the appellant for recovery of Rs.88,872,058/- alongwith cost of suit and cost of funds from the date of default, till realization of the entire decreetal amount. However, according to the learned counsel for appellant, the markup of the entire period to be paid in terms of section 25 of the Financial Institutions (Recovery of Finances) Ordinance, 2001, has not been allowed, whereas, no reason has been assigned by the learned Banking Court in this regard.

Let pre-admission notice be issued to the respondents, to be served through first three modes, for a date to be fixed after four weeks, when objections/reply, if any, shall be filed with advance copy to learned counsel for appellant.

J U D G E