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LONG TERM VENTURE CAPITAL MODARABA versus HANIF POLY PRODUCTS (PVT.) LTD


Sections 18 (6) and 21 (1) of the Civil Procedure Code (v. 1908), section 73 (1) (b) claiming to be mortgagor of property owned by the decision-maker against the execution (non-party) of the decree The suit filed by the petitioner was sold and the bank (decree holder) withdrew the sale amount from the court respondent as the mortgagee of the property filed a petition for payment of such sale. The execution court accepted the request and directed the bank to submit such money to the court. Respondents' plea seeking recall of such an order was dismissed by the court of payment. None of the legitimate contractors fall into the category of orders set forth in Section 21 (1) of Article 21 of the banking companies (loans, advances, credit and finance). In 1997, the High Court dismissed the appeal as ineligible

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