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MESSRS IRISMA INTERNATIONAL, KARACHI AND 3 OTHERS versus UNITED BANK LIMITED, KARACHI

Section 18 Civil Procedure Code (v. 1908), A XXI, R 65 Constitution of Pakistan (1973), Article 185 (3) Order After the auction of property lenders for the sale of the property sale decision, the banking court Banking court confirms sale in favor of auction buyer instead of three-day adjudicator adjudicator, third party offers price higher than bidder That the decision makers had rained on. The auction was in breach of the buyer's favor in accordance with O XXI, R 65, CPC Accuracy Regulation OC XXI, R 65, by the banking court, preferring the procedure provided under section 18 of the CPC Approved decrees cannot be strictly enforced in relation to execution. The Banking Companies (Loans, Progress, Credit and Finance) Act of 1997, which was the provision of a special law of section 18 of the Banking Companies (Debt Restructuring, Progress, Credit) S & Finance Act, 1997 After much influence, the banking court must comply with the purpose of the execution of the decree, except in the case where the bid presented by a third person has no special legal status. In effect, because it had no locus standi to participate in the matching bid, the judge's lenders could not claim their first right of purchase, based on the matching bid presented by the alien. Appeal was allowed to be maintained before the High Court or the Supreme Court. Refused best advocate from Daharki lawyer