![]() 2003 ( “the said Ain”) for rejection of the execution case on the ground that the same was barred by limitation as prescribed by sub-section (1) of section 28 of the said Ain, whereupon the Adalat, after hearing the parties, rejected the same. On filed an application under section 28 of the Artha Rin Adalat Ain. 'O you who have believed, fear ALLAH as He should be feared and do not die except as Muslims. In case of non-funded liability, a civil suit can be brought by way of common law doctrine of estoppel due to the acceptance of the liability. However, if viewed from the perspective of a consumer taking loan which is essentially a funding by the institution and liability for the consumer, yes, a financial institution can sue. This directly does not happen in financial institutions. Now, funded liability, so far I understand it, is that a person saves/invests/funds a certain amount for a liability he will incur in future as he has already promised it. Only financial institutions not anyone can file a case under the the ARAA 2003 for recovery of debts. ![]()
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