Yashodha Holdings (Pvt) Ltd vs People’s Bank – SC CHC APPEAL NO. 01/2018-2023

In the case between People’s Bank and Yashodha Holdings (Pvt) Ltd, the court addressed the admission of new material (specifically a Hansard document) at the late stage of appeal and the validity of a new argument alleging improper application of fund recovery measures by the bank, which had not been raised at trial. It was held that the motion to admit the new material was properly refused and the fresh argument was impermissible as it was neither pleaded nor supported by the trial evidence. The principle reaffirmed is that parties are bound by their pleadings and issues should not be raised for the first time on appeal, solidifying adherence to procedural regularity. The Commercial High Court’s decree ordering repayment of the short-term loan sum, with interest, was upheld, and the appea