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SADIQ ALI versus NATIONAL BANK OF PAKISTAN


Financial Institutions (Recovery of Finance) Ordinance 2001 Section 19 (7) and Transfer of Property Act (IV of 1882) Section 588 (f) Claim and object inquiry, whether the property was mortgaged or not, to submit a mortgage. The mortgage of the three properties by collecting deeds relating to the mortgage title was the original title in relation to the other property, the other two were in relation to the property with the claimants for the valuable consideration that the property was worth. The idea was. An affidavit was sent to the bank along with certified copies of the title deeds and the power of attorney in connection with the other two properties, so the submission of the affidavit based on them stood in favor of the bank's endorsement. Such an opinion was not legally binding. The title deeds required to obtain the acts of the original title were not lost as the judgment creditors told the bank that the fraud was committed by the judge and that the banks had to suffer and not appeal. The bank, which was a lucrative buyer of two properties for real consideration and also had real facts, could withhold its security rights as a mortgage in respect of only one property. Accepted Appellants Appeal in relation to the other two properties by allowing the application of this objection to the same extent

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