04/11/2025
Banking Court having confirmed the sale in favour of appelant could not unilaterally set aside the auction proceedings particularly when no objection from any quarter was raised. Banking Court was precluded to set aside the auction proceedings by virtue of S.27 of Financial Institutions (Recovery of Finances) Ordinance,2001. Appeal was allowed and Banking Court was directed to issue sale certificate in favour of appellant. [2019 CLD 696]