Banking Courts – Recovery of Loan

Article By : Advocate Shahid Akbar

Banking Courts established under the Banking Law and have the authority to deal with the cases of recovery of loan.

If customer default to pay the loan under agreed terms and conditions than Bank can lodge case in Banking Courts for recovery of outstanding debt amount.

If customer want to defend he can submit his reply/statement to Banking Court to defend his case.

Banking Courts after completing their procedure may decide about case.