Without the auction of section 15 guidance property, the appellant bank failed the Banking Court's order under which its application for physical possession of the auctioned mortgaged property was dismissed, in the present case, the validity appellant bank, Did not comply with the provisions of Section 15. (2) The Financial Institutions (Recovery of Finance) Ordinance, 2001, and its notice was published in only one Urdu daily, where a law gave a special advantage to a financial institution. Auctioning off its defaulted mortgaged property, without the court's intervention, was simultaneously obligated to ban such a financial institution at the discretion of its mortgage. Don't waste the property. Separate from such legal clauses, all proceedings by financial institutions in such matters will fail. Appellant Bank, however, completely dismissed the appeal, ignoring the provisions of law.
Related judgments — Peshawar High Court NWFP, 2012
