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Credit institution.⸺A Corporate Restructuring Company shall be deemed to be a credit  \r\ninstitution for the purposes of the Credit Bureaus Act, 2015 (XI of 2015).] \r\n \r\n8. Notice and discharge. —(1) A Corporate Restructuring Company may, on or after the  \r\nvesting date, give a duly signed and sealed notice of transfer of the non•performing assets to the  \r\nobligors, State Ban","quote_sha256":"580515156e0ebb70ff5c61e9087d2ab17bab3929c3719443094cd45f58de3788","reader_fragment":"p-19425-21156-a857361f68552793","reader_url":"/laws/pk-code-27573b995e967010#p-19425-21156-a857361f68552793","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"citation-b8a0589ea94d724aa475","source":"pk-code-27573b995e967010","target":"pk-code-2fff45df8bbd92f6","target_candidates":["pk-code-2fff45df8bbd92f6"],"resolution":"exact_title_match","relation":"explicit_instrument_citation","evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":35142,"character_end":35171,"quote":"Code of Civil Procedure, 1908","quote_sha256":"262f4a4cb68907827a7a8e7fc81a994947f2057fcee5d9b762e50ed3b433a12c","reader_fragment":"p-33537-35303-a079439d080fbf1c","reader_url":"/laws/pk-code-27573b995e967010#p-33537-35303-a079439d080fbf1c","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":34972,"character_end":35401,"quote":"n as arrears of land revenue. \r\n \r\n(2) Any amount which cannot be recovered as arrears of land revenue may be recovered as a  \r\ndecree for the payment of money under the Code of Civil Procedure, 1908 (Act V of 1908). \r\nPage 15 of 15  \r\n(3) The Commission may issue such directions as may be necessary or expedient to give effect \r\nto its orders or to prevent abuse of its process, including but not limited to, seeking the assist","quote_sha256":"21d347c5d424066fe0fbe8e61f8d86a2a18b3ea18773f900fb412409115a18ce","reader_fragment":"p-33537-35303-a079439d080fbf1c","reader_url":"/laws/pk-code-27573b995e967010#p-33537-35303-a079439d080fbf1c","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}}],"incoming":[],"internal_references":[{"id":"internal-7c9dc776a939c8f8abb1","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"8A","qualifier":null,"resolution":"operative_heading_not_identified","target_evidence":null,"target_fragment":null,"evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":2790,"character_end":2800,"quote":"section 8A","quote_sha256":"d76627f429af22855d76f66cd540aa2efd5a04575ef0e9310a0fdf8073b7e7b1","reader_fragment":"p-1780-3580-71dda8da1346c8f1","reader_url":"/laws/pk-code-27573b995e967010#p-1780-3580-71dda8da1346c8f1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":2620,"character_end":3030,"quote":"usiness of,- \r\n \r\n(a) acquisition, management, restructuring and resolution of non - \r\nperforming assets of financial institutions 1[save as otherwise  \r\nprovided for in section 8A] ; 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Act to override other laws, contracts, instruments, memora","quote_sha256":"e01a00b05e9fd728753a5536c5a8033e3b92dd23fce8c34a2974e0c3b9ca451e","reader_fragment":"p-5355-7125-1edd6c82bf208849","reader_url":"/laws/pk-code-27573b995e967010#p-5355-7125-1edd6c82bf208849","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-cc80076b89797fb9cfd1","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"4","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":7669,"character_end":7722,"quote":"4. 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Functions and powers.—(1) Subject to the provisions of section 4, a Corporate \r\nRestructuring Company may exercise one or more of the following functions and powers, namely:— \r\n \r\n(a) to acquire, buy, hold, manage, restructure, reschedule, resolve, settle, recover, \r\n \r\n \r\n1Ins. new clause (XX","quote_sha256":"56ad2e6e9d6c4b35f72ce6bcc0353eb7d967926b8f9229a90338df4019d14ad4","reader_fragment":"p-7125-8855-7ca01c79c2e61441","reader_url":"/laws/pk-code-27573b995e967010#p-7125-8855-7ca01c79c2e61441","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-a872eb0c0fa219d9984d","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"6A","qualifier":null,"resolution":"operative_heading_not_identified","target_evidence":null,"target_fragment":null,"evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":10436,"character_end":10446,"quote":"section 6A","quote_sha256":"85c74b4a74dd588daad3b5420558933eaaf9143cb9f38c9287ae3bcc5e5311e6","reader_fragment":"p-8855-10605-ab04c77949ee0911","reader_url":"/laws/pk-code-27573b995e967010#p-8855-10605-ab04c77949ee0911","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":10266,"character_end":10676,"quote":"ry of \r\nFinances) Ordinance, 2001 (XLVI of 2001) for carrying out the purposes of this \r\nAct; \r\n \r\n(j) to establish and provide management services to trusts in terms of section 6A; \r\n \r\n(k) to act as an agent for any financial institution for the purpose of recovering their \r\nnon-performing assets as provided under section 6B; and \r\n \r\n(l) to develop and implement a scheme in terms of section 8A.] \r\n \r\n(2)","quote_sha256":"58811dcae85991b07d1b347305a906cf44fb255f426fe3f64c0d93e7799f2d74","reader_fragment":"p-8855-10605-ab04c77949ee0911","reader_url":"/laws/pk-code-27573b995e967010#p-8855-10605-ab04c77949ee0911","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-a28b398ce5e632582d53","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"6B","qualifier":null,"resolution":"operative_heading_not_identified","target_evidence":null,"target_fragment":null,"evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":10584,"character_end":10594,"quote":"section 6B","quote_sha256":"986ace1b4a23dd3730e0411993b5f984b55ac0e2c01fdb90ac4a1665fb2af01c","reader_fragment":"p-8855-10605-ab04c77949ee0911","reader_url":"/laws/pk-code-27573b995e967010#p-8855-10605-ab04c77949ee0911","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":10414,"character_end":10824,"quote":"to trusts in terms of section 6A; \r\n \r\n(k) to act as an agent for any financial institution for the purpose of recovering their \r\nnon-performing assets as provided under section 6B; and \r\n \r\n(l) to develop and implement a scheme in terms of section 8A.] \r\n \r\n(2) No Corporate Restructuring Company or its directors, officers and agents shall perform any \r\nfunction and exercise any power under this Act so as— ","quote_sha256":"7961e8c7bb108d918cb45d6aa09538ae034f31227ad404ab95db09240c06b90c","reader_fragment":"p-8855-10605-ab04c77949ee0911","reader_url":"/laws/pk-code-27573b995e967010#p-8855-10605-ab04c77949ee0911","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-5ca05d4d46eb30bfe646","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"8A","qualifier":null,"resolution":"operative_heading_not_identified","target_evidence":null,"target_fragment":null,"evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":10655,"character_end":10665,"quote":"section 8A","quote_sha256":"d76627f429af22855d76f66cd540aa2efd5a04575ef0e9310a0fdf8073b7e7b1","reader_fragment":"p-10605-12316-6ff36ef3112223f7","reader_url":"/laws/pk-code-27573b995e967010#p-10605-12316-6ff36ef3112223f7","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":10485,"character_end":10895,"quote":"inancial institution for the purpose of recovering their \r\nnon-performing assets as provided under section 6B; and \r\n \r\n(l) to develop and implement a scheme in terms of section 8A.] \r\n \r\n(2) No Corporate Restructuring Company or its directors, officers and agents shall perform any \r\nfunction and exercise any power under this Act so as— \r\n \r\n(a) to involve in speculative transactions; \r\n \r\n(b) to aid an obl","quote_sha256":"cd7499d2f102eb21c51acbf2571ecc07f1db148ca0a0149c42ae7d4f280794df","reader_fragment":"p-8855-10605-ab04c77949ee0911","reader_url":"/laws/pk-code-27573b995e967010#p-8855-10605-ab04c77949ee0911","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-54f46eb5e6d017e30226","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"6","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":11663,"character_end":11701,"quote":"6. Transfer of non•performing assets.—","quote_sha256":"faded781b904fda0412867658fc695fcd7e4005f90de76fcddb7998824289524","reader_fragment":"p-10605-12316-6ff36ef3112223f7","reader_url":"/laws/pk-code-27573b995e967010#p-10605-12316-6ff36ef3112223f7","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"p-10605-12316-6ff36ef3112223f7","evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":13812,"character_end":13821,"quote":"section 6","quote_sha256":"792c165b6970d8337f6d9964e837f96a44033014481ff724eb09bd30fd225a06","reader_fragment":"p-12316-14096-5d97036e7eb34221","reader_url":"/laws/pk-code-27573b995e967010#p-12316-14096-5d97036e7eb34221","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":13642,"character_end":14051,"quote":", devolution, conveyance, \r\nlease, consent order, alienation, parting with possession or any  \r\nother disposition under any applicable law other than the \r\nprovisions of section 6.] \r\n \r\n1Omitted the words “established, owner or” by the Corporate Restructuring Companies (Amendment) Act, 2021 (XXXII of 2021), s. 5. \r\n2Ins. certain words, Ibid. \r\n3Omitted the word “and ” Ibid. \r\n4Subs. and ins. for the “full","quote_sha256":"e51002f21ddb69921c25bd56b2d500c432c6725954d56c78ffbf1e68731e68c6","reader_fragment":"p-12316-14096-5d97036e7eb34221","reader_url":"/laws/pk-code-27573b995e967010#p-12316-14096-5d97036e7eb34221","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-3296ffc6966746c314e5","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"6","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":11663,"character_end":11701,"quote":"6. 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Appointment of a Corporate Restructuring Company as a recovery a","quote_sha256":"34ae2eba06b9fc43a3cf081f5d8028ab6ffff862367a1b4801d7847123ae31ea","reader_fragment":"p-14096-15866-da08605d57ae26e6","reader_url":"/laws/pk-code-27573b995e967010#p-14096-15866-da08605d57ae26e6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-6e4fea5e52dd82c1695e","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"6A","qualifier":null,"resolution":"operative_heading_not_identified","target_evidence":null,"target_fragment":null,"evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":15567,"character_end":15579,"quote":"section \r\n6A","quote_sha256":"b4df6901f8b94129516559c2ac5dc7b5c9e228b6f1f23e44d5c12e93d49415d5","reader_fragment":"p-14096-15866-da08605d57ae26e6","reader_url":"/laws/pk-code-27573b995e967010#p-14096-15866-da08605d57ae26e6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":15397,"character_end":15809,"quote":"giving effect to section 6A, the references in this Act to a Corporate  \r\nRestructuring Company shall, unless repugnant to the context, include a trust established under section \r\n6A. \r\n \r\n6B. Appointment of a Corporate Restructuring Company as a recovery agent.⸺A \r\nfinancial institution may appoint a Corporate Restructuring Company as its agent for recovery of its  \r\nnon-performing assets by entering  into a","quote_sha256":"ab831c84b4989a2b791be70e2a16ca4ff166b49068846c2b991f77f73e6ed6f3","reader_fragment":"p-14096-15866-da08605d57ae26e6","reader_url":"/laws/pk-code-27573b995e967010#p-14096-15866-da08605d57ae26e6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-ffc66e5c1ba56e9f4fcb","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"6","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":11663,"character_end":11701,"quote":"6. Transfer of non•performing assets.—","quote_sha256":"faded781b904fda0412867658fc695fcd7e4005f90de76fcddb7998824289524","reader_fragment":"p-10605-12316-6ff36ef3112223f7","reader_url":"/laws/pk-code-27573b995e967010#p-10605-12316-6ff36ef3112223f7","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"p-10605-12316-6ff36ef3112223f7","evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":24276,"character_end":24285,"quote":"section 6","quote_sha256":"792c165b6970d8337f6d9964e837f96a44033014481ff724eb09bd30fd225a06","reader_fragment":"p-22911-24705-7a237c4d1e3d7369","reader_url":"/laws/pk-code-27573b995e967010#p-22911-24705-7a237c4d1e3d7369","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":24106,"character_end":24515,"quote":"llegality or procedural requirements of this Act or the rules made  \r\nthereunder have not been complied with. \r\n \r\n(8) The provisions of clause (e) of sub-section (1) of section 6 shall apply mutatis mutandis to \r\na scheme sanctioned by the Corporate Restructuring Board under this section. \r\n \r\n(9) Any person aggrieved by the order of the Corporate Restructuring Board may, within thirty \r\ndays of the date ","quote_sha256":"8af557762671338133647dc1470bd7ed3da250a94404e6d3acaea729bdb14b87","reader_fragment":"p-22911-24705-7a237c4d1e3d7369","reader_url":"/laws/pk-code-27573b995e967010#p-22911-24705-7a237c4d1e3d7369","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-edb191b542619828eadf","source":"pk-code-27573b995e967010","target":"pk-code-27573b995e967010","provision_kind":"section","provision_number":"19","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":36649,"character_end":36969,"quote":"1[19. Validation of Laws.—Notwithstanding anything contained in any other law, all transfer \r\nof non-performing assets undertaken, orders made, proceedings taken and act done, rules, regulation,  \r\ncirculars, notification and other legal instruments made at any time until the enactment of the Corporate \r\nRestructuring ","quote_sha256":"04128d97aa4f77f85bacd3f2c0f852c38712a850c12845bd688597f95d6e1d7c","reader_fragment":"p-35303-37053-0e31fbecb90113a8","reader_url":"/laws/pk-code-27573b995e967010#p-35303-37053-0e31fbecb90113a8","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-19-36649","evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":37284,"character_end":37294,"quote":"section 19","quote_sha256":"8b5037d2a57e79d0f604a421610c7066e6226909af7b622e7db425409ab1585e","reader_fragment":"p-37053-37381-b1c65ac25fc83080","reader_url":"/laws/pk-code-27573b995e967010#p-37053-37381-b1c65ac25fc83080","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":37114,"character_end":37381,"quote":", taken or done and shall not be called \r\nin question in any court on any ground whatsoever.] \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n1Ins. new “section 19”by the Corporate Restructuring Companies (Amendment) Act, 2021 (XXXII of 2021), s. 10.","quote_sha256":"e0ec37c8595af5e2cc411854cb8793e90e76e245cc2143ad731113b5dffd32a4","reader_fragment":"p-37053-37381-b1c65ac25fc83080","reader_url":"/laws/pk-code-27573b995e967010#p-37053-37381-b1c65ac25fc83080","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"}],"external_references":[{"id":"external-177a70768a998061e5b0","source":"pk-code-27573b995e967010","target":"pk-code-4218c86bbb52555a","target_candidates":["pk-code-4218c86bbb52555a"],"citation_id":"citation-b029507a06144d338894","provision_kind":"section","provision_number":"2","qualifier":null,"instrument_title":"Financial Institutions (Recovery of Finances) Ordinance,  \r\n2001","evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":3716,"character_end":3798,"quote":"section  2 of the Financial Institutions (Recovery of Finances) Ordinance,  \r\n2001","quote_sha256":"65b43f17475cdfec05178d397a8d48a5a5d63264ec2e43bc1bd78006c86f9ce3","reader_fragment":"p-3580-5355-bb77b6b971c230f8","reader_url":"/laws/pk-code-27573b995e967010#p-3580-5355-bb77b6b971c230f8","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"instrument_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":3734,"character_end":3798,"quote":"Financial Institutions (Recovery of Finances) Ordinance,  \r\n2001","quote_sha256":"e0a9eaf02dc2c5f97e184ace44db9fcbb151b997bb91a943df81d2dc363da5a2","reader_fragment":"p-3580-5355-bb77b6b971c230f8","reader_url":"/laws/pk-code-27573b995e967010#p-3580-5355-bb77b6b971c230f8","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-27573b995e967010","text_version_id":"law:pk-code-27573b995e967010:sha256:5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","text_sha256":"5fd3b14b9c16b1be1d17e1a1d5d066884e938542c799690088ee7d3fe4f8b788","character_start":3546,"character_end":4028,"quote":"ms advanced or committed to an  \r\nobligor by a financial institution; 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Creation of trust.⸺(1) A Corporate Restructuring Company may constitute one or more \r\ntrusts under the Trusts Act, 1882 (II of 1882) for the purpose of acquiring non-performing assets from \r\nfinancial institutions. \r\n \r\n(2) A trust  constituted under sub-section (1)  may acquire  non-performing assets from a  \r\nfinancial institution in accordance ","quote_sha256":"847112d8ede8cdb00fb9dfd0145ab0f8ad48c12cdf24f8be309ad04d5f3b25bc","reader_fragment":"p-14096-15866-da08605d57ae26e6","reader_url":"/laws/pk-code-27573b995e967010#p-14096-15866-da08605d57ae26e6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Jvb5s%3D-sg-jjjjjjjjjjjjj"}}]}