The Banking Tribunals (Validation of Orders) Act, 1994

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THE BANKING TRIBUNALS (VALIDATION OF ORDERS) ACT, 1994

CONTENTS

1 Short title, extent and commencement.
2 Validation.

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The Banking Tribunals (Validation of Orders) Act, 1994

ACT No. V OF 1994

An Act to validate certain order passed by the Banking Tribunals

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 Pakistan.

(3) It shall come into force at once.

2.  Validation.    Notwithstanding  any  order  or  decision  of  any  court,  any  order  or  judgement
passed, decision or proceeding taken or recover ies 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 Act, 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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