| Topic Serial # |
Content |
Case Law |
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PART XI
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LIQUIDATION
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| 108 |
General
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| 109 |
State Bank’s permission required for the winding-up and liquidation of a bank
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| 110 |
Rules of Voluntary Liquidation
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| 111 |
Compulsory Liquidation
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| 112 |
Representative of Owners in Liquidation Proceedings
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| 113 |
Petition for commencing liquidation proceedings
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| 114 |
Rejection of Petition
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| 115 |
Rejection of Frivolous Petition
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| 116 |
Appointment of Liquidator
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| 117 |
Terms and Conditions of Service of Liquidator
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| 118 |
Duties and Powers of Liquidator
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| 119 |
Set Off and Netting
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| 120 |
Secured Claims
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| 121 |
Priority of Payment
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| 122 |
No Recapitalization of Banks in Liquidation with Public Funds
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| 123 |
Negotiated Settlements
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| 124 |
No Compromise with Creditors
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| 125 |
General Meeting and Committee of Creditors
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| 126 |
Immediate Advances to Depositors
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| 127 |
Distribution
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| 128 |
Cross border insolvency of banks
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Division II
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Special Provisions for Speedy Disposal of Winding Up Proceedings
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| 129 |
Part XI to override other Laws
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| 130 |
Transfer of pending proceedings
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| 131 |
Settlement of list of debtors
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| 132 |
Documents of bank to be evidence
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| 133 |
Report by Liquidator on conduct of promoters of banks etc
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| 134 |
Public examination of directors and auditors
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| 135 |
Special provisions for assessing damages against delinquent directors, etc
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| 136 |
Duty of directors and officers of a bank to assist in the realization of property
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| 136 |
Special provisions for punishing offences in relation to banks being wound up
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| 138 |
Appeals
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| 139 |
Special period of limitation
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| 140 |
State Bank to tender advice in winding up proceedings
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| 141 |
District Magistrate to assist liquidator in taking charge of property of bank being wound up
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| 142 |
Enforcement of orders and decisions of High Court
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| 143 |
Power of High Court to make rules
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| 144 |
References to directors, etc., shall be construed as including reference to past directors, etc
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| 145 |
Validation of certain proceedings
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PART XII
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BANKING MOHTASIB
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| 146 |
Appointment of Banking Mohtasib
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| 147 |
Terms and conditions of the Banking Mohtasib
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| 148 |
Reference to Banking Mohtasib by Court
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| 149 |
Procedure for making complaints
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| 150 |
Recommendations for implementation
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| 151 |
Power to call for information
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| 152 |
Report of Banking Mohtasib
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PART XIII
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PROVISIONS RELATING TO DEPOSIT PROTECTION FUND
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| 153 |
Interpretation in Part XIII
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| 154 |
Establishment of Deposit Protection Fund
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| 155 |
Objective of the Fund
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| 156 |
Moneys paid into the Fund
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| 157 |
Deposit Protection Board
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| 158 |
Functions of the Board
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| 159 |
Payments out of the Fund
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| 160 |
Financial Accounts of the Fund
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| 161 |
Contributions to the Fund
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| 162 |
Payment of compensation to depositors in event of insolvency of contributing institution
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| 163 |
Power of the Board to increase premium
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| 164 |
Protection of Deposits
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| 165 |
Power to make rules
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PART XIV
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MISCELLANEOUS
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| 166 |
Scheduled offences and penalties under this Act
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| 167 |
Penalties
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| 168 |
Dishonest removal of pledged goods
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| 169 |
Cognizance of offences, etc
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| 170 |
Offences in relation to entries in books, documents, etc
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| 171 |
Application of fines
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| 173 |
Power of State Bank in regard to activities of domestic banks outside Pakistan
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| 174 |
Unclaimed deposits and articles of value
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| 175 |
Application of certain provisions to a bank incorporated by special enactments of the Federal Legislature
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| 175 |
Removal of difficulties
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| 177 |
Power of the State Bank to make regulations
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| 178 |
Power of Federal Government to make rules
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| 179 |
Power to exempt in certain cases
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| 180 |
Exemption from liability
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| 181 |
Exemption from requirement of licence
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| 182 |
Continuance of charge and priority
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| 183 |
Restrictions on usage of banking facilities for disruptive activities
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| 184 |
Indemnity
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| 185 |
Issues before the Court
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