INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN versus FRENCH FOOD PRODUCTS (PVT.) LTD.
Section 39 (1) (A) [as substituted by the Industrial Development Bank of Pakistan (Amendment Ordinance, IV of 1981)], Civil Code of Conduct (VV 1908), Section 64 Law Reform Ordinance, (XII of 1972), section Private infusion property belonging to the 3 Infra Court Appeal Property owned by the sureties After the approval of the central petition, a single judge of the High Court ordered the sale through auction, when the property was granted as a guarantee while the proceedings arose. The bank filed a petition under CP64 CPC following the transfer of the house through a registered sales deed to a third person, but the single judge rejected the request. The refusal to refuse the private land was rejected because the bank raised that it was under the supervision of the High Court for property satisfaction. Cannot be separated with and without debt. Since the directors of the company disclosed the property in question as their proprietary assets, such affiliates were, in the exercise of powers under section 39 of the Industrial Development Bank of Pakistan Ordinance, 1961, a single judge. The order may be properly approved, before the substitution of section 39 (a) (1) of the Industrial Development Bank of Pakistan Ordinance, 1961, the court may pass the order. The attachment or sale of such property is the only one that was assigned to the mortgage, assumption, mortgage or loan protection, whereas after replacement, the bank may order a sale order in respect of the real estate, whether Whether disclosed or unknown, is owned by an industrial concern or an individual responsible for the repayment of a debt including the guarantee of section 64 CPC was intended to provide a loan.
Related judgments — Karachi High Court Sindh, 2009
