Updated: Thursday April 17, 2014/AlKhamis
Jamada El Thaniah 17, 1435/Bruhaspathivara
Chaitra 27, 1936, at 03:45:50 AM
The Banking Tribunals (Validation of Orders) Act, 1994
ACT V OF 1994
An Act to validate certain orders passed by the
Banking Tribunals
[Gazette of
The following Act of Majlis-e-Shoora (Parliament)
received the assent of the President on the 18th May, 1994, and is hereby
published for general information:---
Whereas it is expedient to validate certain orders
passed under the Banking Tribunals (Amendment) Act, 1992 (IV of 1992), for the
purpose hereinafter appearing;
It is hereby enacted as follows:---
1. Short title, extent and commencement.---(1) This Act may be called the Banking
Tribunals (Validation of Orders) Act, 1994.
(2) It extends to the whole of
(3) It shall come into force at once.
2. Validation.---Notwithstanding any order or decision of any Court, any order or
judgment passed, decision or proceeding taken or recoveries made by the Banking
Tribunal under the Banking Tribunals (Amendment) Act, 1992 (IV of 1992), or any
appointment made or notification issued thereunder, at any time before the
commencement of this Ordinance and purporting to be in exercise of the
authority conferred on the Banking Tribunal under the said Act shall be deemed
to have been validly made, passed or taken and shall have, and shall be deemed
always to have had, affect accordingly.
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