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MAJOR MUHAMMAD TARIQ versus CITIBANK HOUSING FINANCE COMPANY LTD. THROUGH MANAGER


Banking Companies (Loans, Progress, Credit and Recovery of Financial Issues) Ordinance 1997 Section 18 Property Act (IV of 1882), Sections 41 and 58 (f) Implementation of Ordinance Original Documents to Protect Mortgage Property Buyers Failure to save. Under Section 41 of the Transfer Property Act, the application suit was ruled by the banking court in favor of the bank and the suit property was subjected to execution and the objector was a buyer for consideration by the unauthorized owner. Requested to be. Real estate assessments will not be allowed by the court for a valid mortgage, although in the present case the property objector would have been separated, having purchased the property without obtaining the original documents from the original owners. ? Since, such an objectioner was not a good buyer as it was his duty to accept the registered deeds which the Registrar had in respect of the bank's charge on the property before the objector had no inquiry. There was no inquiry to get information from and considering Section 41 of the Transfer of Property Act, 1882, the High Court did not find any weakness or illegality in the order of the imposing court and for that reason Appeal dismissed.

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