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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 manner which it may deem appropriate and the verification and approval of the applicant's offer by the Banking Court was neither illegal nor irrelevant, especially if not earlier. In all efforts made, including by the Decreeholder, even the decision makers failed to obtain a better offer, approving the offer made by the applicant, which was more than the maximum offered at the public auction. The price was more than just and the appropriate court reversed the request for leave to appeal in appeal, approved by the High Court. The decision and the interpretation aside and banking was restored to Appeal Court

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