AL-HADI RICE MILLS (PVT.) LTD. vs MCB BANK LIMITED O — 2023 CLD 85 LAHORE-HIGH-COURT-LAHORE

Case information

Citation: 2023 CLD 85 LAHORE-HIGH-COURT-LAHORE
Court: Lahore High Court
Year: 2023
Reporter: CLD
Parties: AL-HADI RICE MILLS (PVT.) LTD. vs MCB BANK LIMITED O

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

AL-HADI RICE MILLS (PVT.) LTD. VS MCB BANK LIMITED O. XXI, R. 66---Public auction---Reserve price---Determination---Evaluation Report, five years old---Effect---Determination of the reserve price based on five years old report manifests conspicuous disregard for appreciation of real-estate prices during last five years---Determination of reserve price, based on latest valuation report arranged/conducted, ensures reasonableness, rationality, fairness, and otherwise promotes transparency, besides extending credibility to the judicial sales.

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