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NOOR BADSHAH versus HOUSE BUILDING FINANCE CORPORATION THROUGH DISTRICT MANAGER, HOUSE BUILDING FINANCE CORPORATION, FAI

AXXI, Rr 66 and 90 real estate auction court auction powers confirmed the sale price of the property through auction at a lower price than the reserve price, the debtor of the judgment filed an objection and based on that Tried to separate the value of the property. Far more than what was allotted by the executing court but the court auctioned the sale at a price lower than the reserve price. The objection was dismissed by the executive court and the sale was confirmed in favor of the auction buyer. Was made, the validity bid had to start at the reserve price and the court auction did not have the option to either lower the reserve price or accept a bid below the reserve price, which was the sanctity of the court, which had reserve price. The purpose of fixing the reserve price in the declaration was that the court needed to protect the rights. The verdict and bid of the verdict were to start with the figures when a court auctioned a material misdemeanor while selling and accepting a bid. Accelerating reserve price, as the court had virtually disregarded the reserve price order, because of such material irregularity, the High Court declared the cell illegal, and after its confirmation , Under normal circumstances, such a sale was set aside. Not set aside but if the sale itself is invalid, then its validation will also be invalid, the court was remanded for hearing of the objection request by the judgment's debtor, which is why the appeal was allowed. advocate from Sihala lawyer