INVESTMENT CORPORATION OF PAKISTAN versus MUHAMMAD BILAL AHMAD
Appeals from the 9th, 19th and 22th Civil Procedure Code (v. 1908), O XXI, Rr 66 and 90 High Court Appeal for the Decree Appeal The court rejected the objection by the holder and approved the proceedings through process. An appeal was filed against the order. By two other protesters who offered to pay higher prices, on the order that the objection of the bidder was withheld on time, and the objections of the other bidders, in accordance with the requirements of O vigilance. Injury was not disclosed, the R90 CPC decree objected to the auction terms. O XXI, R 66 CPC to be finalized and approved by the implementing court and stated that the terms must be based on the reserve price of the property under auction. The only question was whether the execution court decided Below the reserve price was the sale of auction property. The decision of whether or not the value of a property under the auction should be decided by the approval of the court, and neither the auctioneer nor the parties have the power to amend the fixed term with the parties, without such approval reserve price in this case , Without obtaining approval for a reduction in the reserve price of the property under the auction, the implementing court had finalized the sale of the sale at a price lower than the reserve price, as such auction was illegal and consequently The result was a sale. Failure to consider and deal with the aforementioned technical objections by the banking court, the execution court was dismissed, however, the auctioned property was sold under the auction to be strictly compliant with the law.
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