The Hon’ble Court observed that litigation is not only time consuming but also has adverse implications for business environment. The Court further desired SBP to issue instructions to banks that before approaching courts, attempt should be made to resolve disputes through mediation/ reconciliation.
Subsequent to Court Orders, Karachi Centre for Dispute Resolution (KCDR) met SBP and desired issuance of instructions to banks for availing remedies available through the Centre and support holding of seminar for banks.