BELA LUBRICANT LTD. THROUGH CHIEF EXECUTIVE versus NATIONAL BANK OF PAKISTAN
Section 19 (1) (2) (3) of the Civil Procedure Code (v. 1908), executing decree XXI, RR 92 and 93 and the sale of mortgaged property under section 19 (1) (2) (3) of the Finance The Jurisdiction (Finance Recovery) Ordinance, 2001 Act was not allowed and for the banking court to accept a bid of Rs. 68,80,000 given by the auction buyer in November, 2004, justice, equity, Was not fair and fair. The question of sale validation in 2009, when before that, the executing court had two other offers at an even higher amount, and even the auction buyer raised his offer by Rs 68,80,000. 1,00,60,000 rupees and even deposited such amount with the Banking Court and the Banking Court ordered refund of more than Rs 31,80,000 deposited by the auction buyers. As per the request, the High Court upheld the Flinking Court's order that the highest offers were Rs 11 million and a total of Rs 13 million in HK, 1,00,60,0 of the barren auction buyers. Offering a sum of Rs. 00 will again seize the opportunity to offer their best written cell offer to all three, before it can be done on the same and in the same mouth with the same lyrics. Sealed offers will be opened by the court and, subsequently, the acceptance and validation of the sale of the mortgage in accordance with the law will be considered, before the holders and adjudicators can be placed. Take notice of such offers with the law and clarity on the subject
Related judgments — Karachi High Court Sindh, 2009
