Peoples Bank vs. Ocean Queen Marine (Pvt) Ltd and Others – sllr 2016 volume 1 page 141

In the case between Peoples Bank and Ocean Queen Marine (Pvt) Ltd and others, the court addressed the issue of the legal admissibility of a guarantee bond that was allegedly not stamped in accordance with the requirements under the Stamp Duty Act. It was determined that the guarantee bond could not be admitted as evidence due to non-compliance with the statutory stamping requirements. The findings established that a defect in stamping rendered such documents inadmissible, reaffirming the principle that a court cannot entertain, admit, or act upon documents lacking the mandatory stamp duty. Relying on previous Supreme Court decisions, it was emphasized that unless a clear and demonstrable error exists, Supreme Court judgments possess finality and cannot be subject to revision. The appellate