15.03.2011.
for grant of a loan for a company under the name and style
of Maham Impex LLC FZE (The Company) incorporated
under the laws of UAE and conducting its business in the
said country. The record indicates that the matter was duly
processed and a loan facility was sanctioned. A sanction
advice dated 14.07.1999 was accordingly issued by Bur
Dubai Branch of the plaintiff bank sanctioning a credit
facility in the aggregate sum of Arab Emirates Dirhams
(AED) 3.4 million. The loan facility was divided into the
following categories:-
i.
Letters of Credit.
ii.
iii.
iv.
Facility of overdraft.
v.
personal
guarantees
of
Parameswaran
Mohan
5,562,456.30/-
equivalent
to
Pak
is
United
Kingdom
or
any
CPC,
where
these
provisions
are
7.
10
11
and
not
arbitrarily
or
unreasonably.
12
pro-cessual
propriety
being
10.
i)
claim/pleadings/documents
plaintiff bank;
filed
by
the
ii)
13
iii)
iv)
the
defendants
including
the
defendant herein;
v)
vi)
vii)
11.
14
15
16
16.
17
Facility
Trust
Receipt
PAD
Local Bill
Discounting
Total
18.
Principal
Interest
Total
Amount
494,455.32
99,273.44
593,728.76
1,793,429.00
33,740.00
348,693.43 2,142,122.43
4,701.11
38,441.11
2,321,624.32
452,667.98 2,774,292.30
18
Karachi,
BCD
Circular
No.13
dated
19
21.
20
Order accordingly.
(IJAZ UL AHSAN)
JUDGE
A.Rehman.