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MUMTAZ-UD-DIN FEROZE versus SHEIKH IFTIKHAR ADIL


Section 18 (2) Civil Procedure Code (V8 1908), O XXI, R 66 Money Order Implementation of the Bidder Receipt Procedure Banking court three times the mortgaged property, in compliance with the decree passed. Was put up for auction but could not be recovered. The specific price bid submitted by the applicant was accepted by the Banking Court which was taken by the decision-makers that it was after the Banking Court once followed the procedure laid down by the Civil Procedure Code, 1908. In a way that other behaviors couldn't. At the request of the regulators, in accordance with the provisions of the Civil Procedure Code, 1908, for the recovery of the money included under the decree, section 18 (2) of the Banking Companies (Debt, Advancement, Credit and Recovery of Finance) Act 1997 Had freedom under it. Or any other law or such manner as it may deem appropriate and the verification and approval of the petitioner's offer by the banking court was neither illegal nor unlawful in any of the earlier attempts, including the Decree. The holder, even the judgment debtor, failed to get a better offer, approving the offer made by the applicant, which was higher than the maximum price offered at the public auction, and only by the appropriate court. Changed the application for leave to appeal in appeal, the decision and decree passed by the High Court. Put aside and the banking court's appeal permission has been restored

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