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SYED SHAHZAD HUSSAIN versus CITIBANK N.A. THROUGH REGIONAL COLLECTION MANAGER


The sale of the mortgaged property executed on the orders of the High Court on Sections 19 and 22 was affirmed in favor of the auctioneer and the set certificate was issued despite the fact that the auction buyer had within the stipulated period. Purchase amount not submitted. Claims rejected by the banking court filed by the applicant / decision-maker. Legal action was not authorized to extend the time for a work which was not determined and determined by law, unless the auction buyer complied with the terms and conditions. The auction, on which the auction was made, was sold in favor of the buyer, in the circumstances, it could not be retained and placed before him and the statement was made to the Council for the order-holder if the decision was made. The lender will pay the loan amount of Rs. The amount of Rs. 31,69,807 will be satisfied with the 13 judgment. The counsel for the appellant / adjudicating counsel had no objection to this process and requested that the appellant pay Rs. 12,00,000 in one month's time. Ready to do so accordingly the appeal was granted and the defamation order was set aside.

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