SUMMIT BANK LIMITED, LAHORE vs M. M — 2023 SCMR 374 SUPREME-COURT

Case information

Citation: 2023 SCMR 374 SUPREME-COURT
Court: Supreme Court of Pakistan
Year: 2023
Reporter: SCMR
Parties: SUMMIT BANK LIMITED, LAHORE vs M. M

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

SUMMIT BANK LIMITED, LAHORE VS M. M. BROTHERS, PROPRIETORSHIP CONCERN O. XXI, Rr. 66 & 67(2)---Proclamation of sales by public auction---Competitive bidding---Pre-requisites---At least two bidders---Publication of proclamation---According to the established norms and standards, the presence of at least two potential bidders is indispensable to carry out an auction in which competitive bidding is a key factor for free and transparent public auction---Furthermore Executing Court ought to order the publication of proclamation in at least one widely circulated daily newspaper.

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