Faysal Bank Limited initiated a suit under Section 9 of the Financial Institutions (Recovery of Finances) Ordinance, 2001, seeking to recover Rs. 620,900,897.39 from Tahir Omer Industries Limited and associated defendants. This amount was claimed due to the defendant company’s default on various finance facilities extended by the bank. These facilities included Finance Against Trust … Continue reading Faysal Bank wins $2.2 million recovery case