A. XXI, RR 67, 69 and 72 Financial Institutions (Recovery of Finance) Ordinance (XLVI of 2001), Section 19 Mortgage property auction order At the specified price after the auction process has been postponed by the order holder. Purchase offer auction verifies the sale in favor of the decree holder through the absence of any bidder. Delaware did not seek court approval before making such an offer. The court was legally obliged to require the decree holder to accept the offer to obtain permission from the court. The authenticity of any sale will be decided before it is valid and after concluding that the sale is valid, then the court can confirm that the order holder has submitted only for the purchase of such property. And there was no such sale without the court's permission. Which can be verified by a court. For more than seven days, it will be necessary to make a fresh declaration under R-67, except when the decision-maker rejects the right by the court, in the present case to re-exchange, R-67, for resale under CPC. The notice was not issued for. The court, while confirming the sale of a contractor's offer, had disregarded the essential requirement of the law and that the proceedings against the specific price were initiated under the CPC and not the financial institutions (recovery of finances). Order to be illegal under section 19 of the Ordinance, 2001
Related judgments — Lahore High Court Lahore, 2012
