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UNITED BANK LIMITED versus A.Z. HASHMI (PVT.) LIMITED

Banking Companies (Loans, Progress, Credit and Financial Issues Recovery) Act 1997 Section 18 Civil Procedure Code (v. 1908), AXXI, R 92 Procedure for Sale of Property through Auction Filed an application to withhold the auction on the basis that the decision lender is willing to pay the higher cost of the mortgage property than the auction purchase, completing the auction proceedings through the auction purchase and collecting the full value of the auction. Such an application was filed after it was filed. They have fulfilled all other legal rituals related to high bidder bids and payment of purchase price. Such sale transaction proceedings cannot be stopped nor can there be any hassle for adjudicating the decision holder and adjudicator for settlement in this case. Allegations of any kind of misconduct, irregularity or deception in the auction process were dismissed by the trial court, even the decision-makers did not come forward to question the legality of such auction proceedings. Where the full bid was paid and the sale was confirmed, the auction buyer had acquired valuable rights in the property and could not be bothered. The trial court rightly dismissed such application filed by the order taker law firms from Jehlum lawyer