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MOHIB TEXTILE MILLS LIMITED versus NATIONAL BANK OF PAKISTAN, KARACHI

Sections (f) and 5ing5 have been alleged by the Company to confirm the sale and transfer of bids in favor of another party to the auction of the assets of the company by the Government Liquidators alleging that the property was completely disproportionate in value. The original price and the bid could not be transferred without the registration of the sale in favor of the original bidder to maintain the integrity of the integrity of the sale of the property as far as possible, however, the courts also It is our duty to ensure that such sales are seen. Designed in a manner that is beyond the scope and without any doubt to protect the interests of all stakeholders so that the court cannot ascertain the genuineness of the offer or any other way when the bid was withdrawn and the company judge Had made it clear that the above bid could not be considered alive, then there were no valid reasons or extraordinary circumstances for the offer to be revived and accepted. For the same bidder to confirm the nominal increase and sale. Bid withdrawals became a matter of past and closed transactions by the bidder and the bidder The petitioner's objection was raised in favor of confirmation of sale and thereafter bid transfer. They were not attended to in the proper context in favor of either party. Such a transfer could not have been made without the registration of the sale in favor of the bidder. The auction buyer sold his rights without paying the full sale price and thus becoming the owner. Joint Official Limited pakistani advocates Darya Khan lawyer