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SYED MUNIR HUSSAIN GILLANI versus HABIB BANK LIMITED


Financial Institutions (Recovery of Finance) Ordinance 2001 Sections 19 and 22 Civil Procedure Code (v. 1908), reviewing the decision in an appeal filed by the ALVIII, R1 and Section 151 High Court against the execution of the order. The auction made the property auctioned. 22,00,000 while the creditors of the judgment were of the view that its market value was not less than 20 million rupees of the High Court in order to protect its property and to give it a chance to the creditor of the judgment. Directed to pay real money. @ 13 22 22, 00, 000 (the amount paid by the auction buyer) The High Court, in the process of reviewing the request, instead of taking advantage of the opportunity to the buyer of R5 lakhs instead Allowing the judge another opportunity to protect the property. Prepare the buyer for his property was trying to delay the proceedings with one excuse or the other buyer at the auction had submitted the purchase price for over a year and since then E has no valid property possession. Was denied The High Court refused permission to extend any of the conditions required for review of the order under OLXV III, the High Court refused to apply for a review.

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