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INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN, KARACHI. versus KARACHI CARDIAC AND GENERAL ROSPITAL (PRIVATE) LIMITED, KARACHI


CPC Order and Order Processing Rules Order XXI, XX and Order 82 and 89 In the execution of Rules, the sale of immovable property by auction of the court, by any of the defendants presented by the official bidder The effect of mentioning the reserve price on the request that the official Assignee fixing reserve price fell too low on purpose does not indicate that the offer below the reserve price will not be considered an offer at the invitation of the reserve price bid, He will not be able to question this party once the party is determined on the occasion. The same court will decide, whether to approve the justification of the case or to reject the offer where the possibility of higher value cannot be ruled out, the court refuses to accept the offer made by the lone bidder. Which lacked the reserve price set by the official Agnes. The offer could not be accepted by the court, because the sale of the property had been pending for the offseason for a long time, El Assignee was instructed to return the money deposited by the bidder and Another bidder who submitted the offer after the auction period ended, which was also fixed by the Government Assignee Reserve Price High Court, after the reserve price fell and after consultation with the parties. In this regard the ad was ordered to be published in newspapers to invite fresh bids.

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