FAYSAL BANK LIMITED vs HARIS STEEL INDUSTRY (PVT — 2023 CLD 44 LAHORE-HIGH-COURT-LAHORE

Case information

Citation: 2023 CLD 44 LAHORE-HIGH-COURT-LAHORE
Court: Lahore High Court
Year: 2023
Reporter: CLD
Parties: FAYSAL BANK LIMITED vs HARIS STEEL INDUSTRY (PVT
Subject matter: Criminal

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

FAYSAL BANK LIMITED VS HARIS STEEL INDUSTRY (PVT.) LIMITED O. XXI, Rr. 89, 90 & 91---auction purchaser---Vested right, accrual of---Principle---Vested/third party rights accrue in favour of a bidder when auction-sale becomes complete, i.e. when Court confirms auction sale--- Such vested rights again are defeatable and would not take away right of mortgagor/judgment debtor to redeem his property if he brings his case within parameters of O. XXI, Rr. 89, 90 or 91, C.P.C.---Position of auction purchaser is different when Court confirms auction sale in favour of auction purchaser.

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