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Section 21: Consideration for transfer of non­performing assets

The Corporate Industrial Restructuring Corporation Ordinance, 2000 · Departmental Laws · Expired / historical

Expired / historical — retained for reference — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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21. Consideration for transfer of non­performing assets. — The Corporation shall pay to the concerned financial institution the outstanding amount as consideration for the transfer of non­performing assets by mutual agreement upon such terms and conditions and in such manner as may be prescribed by rules to be notified in the official Gazette.

Effective date: 2000-01-01

Related sections

Section 20: Financial Institutions to which the provisions of this Ordinance shall applySection 22: Bonds issued by the CorporationSection 19: Corporation not to be a banking companySection 23: Certain rights and remediesSection 18: Business which the Corporation can transactSection 24: Powers of the Corporation to seek assistance

Version corporate-industrial-restructuring-corporation-ordinance-2000~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.