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ALI MATCH INDUSTRIES LTD. versus INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN


Auction notice for auction of proceedings of CPC orders and orders XXI, Rr 66 & 84 Auction notice was given from 8 am to noon as the bidder was against the auction rules. Were. The bid had to be submitted in one sitting and in a transaction that was supposed to end with the removal of the hammer, the period in the notice could only be presented if the sealed tenders were invited and Be allowed to receive auctions within a specified period. The auction report was prepared and signed on 22 4 1996, while witnesses signed the same agreement on 21 4 1996 and the bidder's signature was not received on this report A quarter of the auction amount was received by check. That could never be paid for. Avoidance of the proper course of deposit by cash or bank draft was being auctioned off with great hassle but no bid was set to the minimum, in which case, the auction could not be reported. The auction process relied on and the auction confirmation was put aside

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