Loan: Auctioneers summoned to court
Faysal Bank had filed a petition in the banking court for the return of the loan.
LAHORE:
A banking court summoned auctioneers for February 18 so that they can announce the schedule of auction of assets of Gulshan Poly Pack Company which haS not returned a Rs48,900,000 loan it took from Faysal Bank. Faysal Bank had filed a petition in the banking court for the return of the loan. The court ruled in its favour. But still the money was not returned. The court summoned the auctioneers so that an auction schedule can be announced.
Published in The Express Tribune, January 9th, 2013.
A banking court summoned auctioneers for February 18 so that they can announce the schedule of auction of assets of Gulshan Poly Pack Company which haS not returned a Rs48,900,000 loan it took from Faysal Bank. Faysal Bank had filed a petition in the banking court for the return of the loan. The court ruled in its favour. But still the money was not returned. The court summoned the auctioneers so that an auction schedule can be announced.
Published in The Express Tribune, January 9th, 2013.