M/S Punjab Kashmir Finance Ltd v. Jakariya
!"#"
$%& %" & '()
"* $+
$ &
! " "# ( (, )-.-/
( 0, -/
(
( ,(1- $%&'(($)*+$%,! )$-
&, 2- ,1(
)-( 34567((8( 2 2 2 ,01)8- (-(-
- 6 1 -9:2 (- )- 2 8
#( 2 .
!
,.;,(9:. ( 2)( <)
,(1- )-
012 )-( 3 8 92" ()0 . !=92)1(0)( .'! &-&'/01203$340$-5'!!
3$3$'&6$)$3 /4!, 7 )0203$- , ( -( 92 -) -01
/ (1(
34 -34567 (.2)--
,/ 0, (8, 2 2)-( 34(9( ,)( 2/ 1 , - )-( ?4&,( ( 9/- ( ( - 92 9(
22; #( 2:. ,/ 0 (00) 92) (8, 1(( 2;,, 9()0(9- 9: :- 1(- " ,
. / 0 )-( 3 , .. 1 :( ,,2-( ,<) 1(;,, )(- ,01
,00
-9: 1(;,, (8- . 02:. )-.;,,<), 9 -,)(- -2:. ,(8, / 0 (00) 9 -1 (; , ,(8, )-;,, )(- / .;,. 0
((8, 1((
2)-( 346 ,(1( / - (0, ,(8, 1(( )-( 346 0
((8, - 98 )9> - : - 02 (2:. / 0
(0. ;,
/( 9 ,
)( , (0.
)- 22:0) (8, 1(( 2 &,(-2:. ( ,(
, (2 0
,)8, ( ,1(/ )9 34 ; ,) 0
8 : - 1(- 9 )222-9: ,/ 0 .;,,@1(
2 2)- , 28 2 (1(
/ - - / 0;, 1(( 2 + (:. (-( <)
2.
,
. ,()8, ,)92() ( 1((
2/ ,012 - 1((),
2. ,)8,)(), 2; , ,2 / ,)( !;/(. 2;
: (:(
( 012 1(( 2 ) ;, 0 / 0A (8, 1((
2. B81 22 2(0 !8,)( )-( 34567 ,(;)2-9 (: ;,
9 --9: , (2 0 9:
( ,1(/ 34 ,( #)( ,2:. , (2 0 0-- 34 ()0(9 ,/ 0A(8, 1(( >) ; ,(8 (- 012 ( ,
28 2+ , ,(, -. , (2 0 ( ,1(/ 34 / 8
)1(((8, ( ,/ 0 1((
2 ,8()-0 - ,( 01 (-
012 # ,2:. ,/2/0 ,
(1
)-( 3 , 1)) 9: 9&,9 ) ,012 2-)-(
1(/ ,
)( 1(/
012 1( ,( - 63 , 9: @1( (1(
,1(/ ( ,0
( ( 2), -0-
(- (0 2&,((. ,012 .
;, ,/ 0 -,)(,<)0) 9 ()- 9/ 0 (0 ,1(/ 34( -; , ,- / 0)-( 5;
7 ,(C
3 3 #)( ,(. 112:8 , - ( 1(1 / /(()28.
!=92)1(0)( 0)&4/8)$/&89&5&31&3/&--0:&34&5'!$% ;12$))8)$03 )0203$-<<&$-8!= 9+0/( )0203$- <<&$-8!>89?*&40*&*83>!?!7, ;,22 (:8
, 229 92( (1 /2:., ,2- )-( ?D&,-2
) - 28; ,)9
/ (8, .9: ,282
)(.-(- 91(1 /)2 @1(2: ( 9: (: 012
0 - , / ( (1 /1(
&,28 20 @0E / ) #) )(#(0 "01( 9 . ( ( E-
8
;2 ;)8, (8)2
;,
22; - . ((; , 1()01 1(1 / : - , 1()01 8( 22: - 1(
)2 (: ,; 9: @1( 1(/ ,
) ( ( (1 / : ,(; -(92 ,()8, (:
012
&, 9 ) ),
) ;)2- , / <) 8/ -(8, .01;9)(-( 01 ( @ 8 928
!;/(. ;, - (-(8 1 (8 (- , (1(
1 1(/)9<) 2:/(()2-9: ,- 2 (8( 9,. ,<) ,/(()28
(B2:-(
-9:- )2 .( (1 /(0'0'@&4$1'&0/0''&//-&*-$+ /($//(&-$+*&4-$)&*@A/(0' 81)/0')&/)8'<&4/05&$3*0'
38)2$--A$''12&*/8@&/(&-$+9)82/(&034&</083 D&,1(
;2: -
) (()20) 9 )- ; , , >)-80 %1*:2&3/ 8) *&40'083 +(04( 03/&)<)&/' $ '/$/1/& 8) <)850'083 /(&)&89 *&4-$)&'/(&2&$303:89/(&'/$/1/&$'0/'(81-*@&483'/)1&* 9)82 /(& *$/& 89 0/' &3$4/2&3/! 3 8/(&) +8)*', /(& %1*:2&3/*&4-$)&'+($//(&-&:0'-$/1)&($*'$0*$//(&/02& +(&3 /(& -$+ +$' <)821-:$/&* $3* /(&)&98)&, 0/ ($'
6 )&/)8'<&4/05&&99&4/!+ (:. ,
) ( ,()2 ;,,1()0- 91(1 /)2@1(2:0 - ( (1 /F,
22;(0 , 0.
-( )
8 1(122 ; 92 ((1 / ,
81-:9(-( ()0;,
9)
- ,0 8 ;;,,@ -(0 ,1 ,(-
) (1(/F,
9-2 (- 9 ,2 ; ,2 0) 9,2- , 2;
:9 ,2 ; ,2 -&, 2) 2 0(0 ,(
2
,-) : )( E1() ;2 ;9) 0
@1)- ,2-E501, ---7 6 &,((./; ,>)-80 (-(-9: ,!=92 )1(0 )( &-&'/012 03$340$- 5)1( 7 - 0)&4/8)$/& 89 &5&31&3/&--0:&34&5)1( 7.2 (- )-8(--( -
(
,1( 2 2 22-)-( 34 ( - () , 0 11(1(
)( ( -1 2 0( 8 (:-( - ,012 1 1(9B - ((- , 2 (- )-8(-( ,; ,
1-. (-82:-8
. :. 2
--1- "#
7!!7
)0 82
F, ,(1 B8 - * F, ,(1(
92 *