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NICE \'N\' EASY FASHION PRIVATE LIMITED versus ALLIED BANK OF PAKISTAN LIMITED


Implementing Sections 19 and 22 of the Financial Institution (Recovery of Finance) Ordinance 2001 Implementing the sale of the property, the court fixed the factory safe price of Rs 5 lakh and the house Rs 9 lakh before the factory got Rs 96 million and The house was valued at Rs 5 520 million, which was rejected by the execution court requesting that the lenders bring the decision to the client at the time of auction; Rs 9 lakh was fixed as the proposed sale price of the house. Factory, some machinery items were either removed or replaced with low-value items, with no error found in the execution court's order, while the implementation of such specific pricing by the court Efforts are being made to ensure that the maximum price is taken on sale. No contradiction was found in the advertisement for the auction date or time, the High Court disposed of the appeal with the objection that the courts will enforce that the court will ensure the sale according to the law and that any court process Will not allow anyone to misuse it

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