MUHAMMAD YUSUF versus ALLIED BANK OF PAKISTAN LTD
Claiming to be a shareholder in the mortgaged property banking court pursuant to sections 8 (6) and 21, the appellant filed an objection petition while the petitioner issued notice to the defendant on the condition that the deposit be deposited. According to section 18 (6) of the Companies (Debt, Progress, Credit and Recovery of Financial Affairs) Act, 1997, the objection decided to be investigated within 30 days and at the end of the inquiry / trial, meet with it Well done, fine. Due to the delay in the execution of the decree, up to 20% of the sale price of the property was allowed by the High Court and, with the observations, fixed the default order that the auction of the property besides the alleged portion of the appellant. / Sales will proceed according to law.
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