LANVIN TRADERS, KARACHI versus PRESIDING OFFICER, BANKING COURT NO.2, KARACHI
Article 19 Civil Procedure Code (V of 1908), A XXI, Rr 66 and 89 Limitation Act (IX of 1908), Schedule I, execution of a decree passed by Article 116 Banking Court through a public auction decree Protection of property sale of property entitled to the property scope recovery suit filed by the defendant by the bank was canceled by the banking court in the amount of Rs. 1,67,02,105. 84 Bank mortgage sale of property. The execution petition for recovery of source money was filed under O XXI, R 66 in question, the CPC Banking Court consequently issued a declaration of sale under which The property was ordered to be sold to the highest bidder M in the amount of Rs. 1,35,00,000 Observer / Appellant, who was a stranger in the execution proceedings under Section 151, CPC. Filed an application under which it offered a high value of Rs 1,55,00,000 for the property, but said that the application was dismissed by the banking court and the petitioner and D The defendant / adjudicator filed a joint petition under section 151, CPC, in which the property value proposition has been increased from Rs 1,55,00,000 to 1,67,02,106 however Also said That the application was dismissed on the basis that the complainant had failed to establish his right or title in respect of the property in question and also his locus standi for filing the request (s) under section 151. Establish, the CPC appeal filed by the complainants against the order of the Banking Court was also dismissed by the High Court's authenticity objector, the alien in action, Section 151,
