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MESSRS BRITISH BISCUITS COMPANY (PVT.) LIMITED versus MESSRS ATLAS INVESTMENT BANK LIMITED


Section 19 Civil Procedure Code (V of 1908), A XXI, R 90 Financial Institutions (Recovery of Taxes) Ordinance 2001, processing of auction of property by auction of property under section 19 (7), fraud during auction Charges of yogurt and apparent irregularities were submitted by the bank to AXXI, R 90, CPC, in view of section 19 (7) of the Financial Stats (Financial Restoration) Ordinance, 2001, without depositing 20% of the money on sale. The application filed under was rejected. After the High Court's approval of the judgment, the Tribunal approved the auction in favor of the bank (the decree holder), when there was no pending before the court, dismissing the order of the Tribunal, pending the approval of the impugned decision. Subsequently, the sale can be confirmed by a banking tribunal in which the Supreme Court has neither approved the injunction nor suspended the dispute process, thus, there will be no question of suspension of the execution of the verdict. Was not up to the board as one excuse did its best to prolong the proceedings The Supreme Court, or other court, refused to act at its discretion. Case and grant leave to appeal

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