TAWAKKAL EXPORT CORPORATION versus MUSLIM COMMERCIAL BANK LTD.
Banking Tribunals Ordinance 1984 Section 9 Banking Companies (Recovery of Debt) Ordinance (XIX of 1979), Decision for sale of attached property suit filed by the bank for collection of Section 6 money, the property of the decedent was enclosed and They were ordered to sell by auction. The objection to the decision on the sale of the property objected that the auction buyer did not submit 25% of the bid price to the auction commissioner immediately after approval of the bid, the auction of the property was illegal which should have been canceled. That the failure of the auction buyer to submit a 25% bid to the auction commissioner immediately after approval of the bid will not be sufficient to declare the auction sale of the property because of the pay order. 25% of the bid price along with illegal deposit and late payment times Izin had violated the technical provisions of the law beyond the legal term and provided technical assistance and assistance in the administration of justice and did not create obstacles and obstacles, except when the decision maker No harm or prejudice.
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