PUNJAB COOPERATIVE BOARD OF LIQUIDATION versus MUHAMMAD ILYAS
Co-operative Judge of Power Co-operative Judge has a Section 11 request to either confirm, reverse, or modify a decision - the Cooperative Board's interpreter suit property has been auctioned off to property of the Liquidation Board respondents. There is a bid of Rs. 50 lakhs. The highest bid was and accordingly the board respondents deposited 25% of the bid amount according to the terms and conditions, while the balanced payment was later paid as the tenant of the suit property returned the respondent. Was because the tenant of the suit property received a deferred order from him. Co-operative Judge The Co-operative Judge ultimately decided a case against the tenant, after which the defendants applied to the Board for transfer of the suit property on payment of the balance amount (75% of the bid amount). The Board decided that because the property prices had risen several times during the pending litigation with the tenant and defendant, the Board deliberately accepted the refund of the balance so it was appropriate Interest / markup should be charged on the balance amount. Respondent challenged the Board's decision to file an application before the Cooperative Judge under Section 11 of the Punjab Undesirable Cooperative Societies (Controversy) Act 1993, on the dismissal of the Cooperative Judge. And the auction was completely excluded and directed that appropriate property be kept for auction, which means that the auction, which was confirmed by the board in favor of the respondents, was canceled and to some extent the accuracy board This auction was not canceled. The defendant, rather, only imposed this condition
