S.12 of Limitation Act, 1908, are applicable to proceedings under Financial Institutions

Though provisions of S.5 of Limitation Act, 1908, have not been made applicable to proceedings under Financial Institutions (Recovery of Finances) Ordinance, 2001, however, the same has not excluded applicability of S. 12 of Limitation Act, 1908. In absence of such exclusion, provisions of S.12 of Limitation Act, 1908, are applicable to proceedings under Financial Institutions (Recovery of Finances) Ordinance, 2001.

2014 CLD 1020

F.I.R.O. 2001