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MAJID & SONS versus NATIONAL BANK OF PAKISTAN


Banking Companies (Debt, Progress, Credit and Recovery of Financial Issues) Ordinance 1997 Section 18 (6) and 21 Civil Procedure Code (v. 1908), OXXI, R 90 Execution of Claims relating to Sale of Execution Property of the Court Directive 2096 Failure of the appellant / decision debtor to submit the sale price The dismissal of the petitioner's request for such deposit was the assertion that such application was made under section 18 (6) of the Act and O XXI, Was to be dealt with in accordance with the provisions of R 90. The legitimate provisions of the CPC should not be followed, excluded by the unambiguous provision of section 18 (6) of the Banking Companies (Loans, Progress, Credit and Recovery of Finance) Act, 1997. The objection was to respect the sale of the property or the sale within 30 days, and if it was discovered that such a charge had been made to delay the sale, it could impose a fine of up to 2096 on the sale price. Is. Referring to the submission of the sale price for the appellant for example 2096, the objection, the High Court, accepted the appeal and consequently set aside the impugned order, that through the appellant The objection filed will be considered as a hearing before the execution court. Be decided in accordance with the provisions of section 18 (6) of the Act

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