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MUHAMMAD ISHAQ versus ALTOWFEEK INVESTMENT BANK LIMITED

Banking Companies (Debt, Progress, Credit and Recovery of Financial Resources) Act 1997 Section 18 and 21 Civil Procedure Code (v. 1908), A XXI, R 90 Order Auction proceedings Four bidders implement auction auction Participated and offered their bids. Out of which the three top bidders withdrew their bids, while the lowest bidder remained in the field, the petitioner's appeal for failure to submit 20 decisions to the Court Elastic Executive Court / creditors was dropped. OXI, R-90, CPC was not authorized to accept the lowest bidder's offer for a private auction in the courtroom under the law ? The amount required by the court to enforce the accuracy. , When most bidders had already withdrew their bid-execution court duty. The circumstances were that the property should be put up for auction as per the requirement of the law but the decision-makers failed to deposit the required amount of 2096 in the order. O XXI, R 90, CPC's order to accept the lowest bidder's offer was void and illegal, which could not sustain a High Court-approved appeal, put aside the void order and all Cancels the sale confirmation for the bidder less than. law firms from Swat lawyer