HABIB BANK LTD., KARACHI versus FIRDOUS TEXTILE MILLS LTD.
Law Reform Ordinance (XII of 1972), Section 3 Code of Civil Procedure (Amendment) Ordinance (X of 1980), Section 15 Official Assignee was directed by the Company Judge to take possession of the registered office of the Company at its auction Hand over the auction to the buyer. The appellate bank challenged the company judge's instructions, the auction buyer could buy the fittings and fixtures required at the company's office, but he could not buy the tenancy rights without the approval of the appellant bank, under the presentation of the company The authority was directed by the Company Judge to hand over the buyers to the auctioneers who, without prejudice to the rights of the appellant bank and the tenants, no final decision was taken by the company judge in the matter, whether the tenancy Rights under the law can be transferred to auction buyer; Company may also be incensed against NGC provisional decision may be taken by a company judge and Appellant Bank may be incensed by the company judge on this question.
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