Section 20 of the Financial Institutions (Recovery of Finances) Ordinance, 2001

“6. Section 20 of the Financial Institutions (Recovery of Finances) Ordinance, 2001 is the provision relating to certain offences and its sub-section (4) deals with dishonest issuance of a cheque towards repayment of a finance or fulfillment of an obligation which is dishonoured on presentation. The punishment of said offence has been provided as one year or with fine or with both. Therefore, it becomes quite obvious that in the matter, like the one in hand, the jurisdiction only lies with the Banking court established under the Financial Institutions (Recovery of Finances) Ordinance, 2001 and not before any other court, until and unless the same is provided by law, by which the financial institution is established.”

PLJ 2013 Lahore 606

Used In Judgment of:
Lahore High Court
Criminal Proceedings
233516/18

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