2007 PLP 193 (CLD)
NAJMA KAUSAR — Appellant Versus CITIBANK N.A. through Branch Manager/Principal Officer and 4 others — Respondents
| Citation | 2007 PLP 193 (CLD) |
| Forum / Court | Lahore |
| Bench Members | N/A |
| Parties | NAJMA KAUSAR — Appellant Versus CITIBANK N.A. through Branch Manager/Principal Officer and 4 others — Respondents |
| Primary Law | Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001) |
Q1: What are the key laws and sections cited in 2007 PLP 193 (CLD)?
This judgment primarily cites: Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001) as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 2007 PLP 193 (CLD)?
The case was heard and decided by the Lahore bench comprising: N/A.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 2007 PLP 193 (CLD) (NAJMA KAUSAR — Appellant Versus CITIBANK N.A. through Branch Manager/Principal Officer and 4 others — Respondents). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Laws Cited
Representation
- ----Ss. 9 & 22-Suit for recovery of loan---Execution of decree---Objection to sale of mortgaged property---Suit filed by respondent-Bank having been decreed, mortgaged property was ordered to be sold in execution of said decree---Appellant filed objections to the proposed sale which were dismissed by Executing Court---Respondent-Bank was called upon to produce original documents relating to the mortgage of the suit property, but it failed to comply---No one having turned up for respondent-Bank on the date fixed for hearing despite repeated calls, Bank was proceeded against ex parte---Plea of appellant was that she was bona fide purchaser of mortgaged property and said property had been mortgaged with another Bank; that after entering into a registered agreement with owner of said property, she cleared said loan and the Bank informed the Authority of said payment and as such charge was lifted---Appellant had further contended that thereafter a private person obtained a stay order against said sale which ultimately was vacated by the Court and Authority effected mutation of said property in her favour in its record---Appeal filed by appellant was allowed and impugned order was set aside with the result that objection petition filed by appellant would be deemed to be pending before the Judge Banking Court which would seek reply from the decree-holder Bank, on appropriate issues and decide the matter after recording evidence of the parties within prescribed time.
- Ex parte for Respondents.
Headnotes / Summary
Ss. 9 & 22-Suit for recovery of loan
Objection to sale of mortgaged property
Suit filed by respondent-Bank having been decreed, mortgaged property was ordered to be sold in execution of said decree
Appellant filed objections to the proposed sale which were dismissed by Executing Court
Respondent-Bank was called upon to produce original documents relating to the mortgage of the suit property, but it failed to comply
No one having turned up for respondent-Bank on the date fixed for hearing despite repeated calls, Bank was proceeded against ex parte
Plea of appellant was that she was bona fide purchaser of mortgaged property and said property had been mortgaged with another Bank; that after entering into a registered agreement with owner of said property, she cleared said loan and the Bank informed the Authority of said payment and as such charge was lifted
Appellant had further contended that thereafter a private person obtained a stay order against said sale which ultimately was vacated by the Court and Authority effected mutation of said property in her favour in its record
Appeal filed by appellant was allowed and impugned order was set aside with the result that objection petition filed by appellant would be deemed to be pending before the Judge Banking Court which would seek reply from the decree-holder Bank, on appropriate issues and decide the matter after recording evidence of the parties within prescribed time.
Judgment & Decree
MAULVI ANWARUL HAQ, J.
A suit filed by the respondent No.1 against the remaining respondents was decreed by learned Judge Banking Court-I, Faisalabad on 17-12-2004. In execution of the said decree the mortgaged property was ordered to be sold. The appellant filed objections to the said proposed sale which were dismissed by the learned Executing Court on 9-6-2005.
2. Learned counsel for the appellant contends that in view of the circumstances apparent on the face of the record supported by documents, the objection petition could not have been dismissed summarily.
3. We find that the respondent-Bank had been duly served and is represented. We also find that on 28-9-2006 and then again on 30-10-2006 learned counsel for the respondent-Bank was called upon to produce original documents relating to the mortgage of the suit property. However, needful was not done. Today no one has turned up for the respondent-Bank despite repeated calls which is accordingly proceed against ex parte.
4. We have gone through the available records with the assistance of the learned counsel for the appellant. The plea taken by the appellant is that she is bona fide purchaser and the property in question had been mortgaged with National Bank of Pakistan. After entering into a registered agreement of sale with Muhammad Ilyas, deceased she cleared the said loan which had been issued after provision of NOC by Faisalabad Development Authority (FDA). The Bank informed the FDA of the payment and as such the charge was lifted. Thereafter a private person obtained a stay order against the said sale which was ultimately vacated by the Court and the FDA effected mutation of the property in her favour in its record. It has further been pleaded that there is no valid memorandum of Deposit of title deed and further said Muhammad Ilyas resorted to fraud and forgery in the matter of said deposit. Learned counsel has filed several documents vide C.M. No.1945/C/06 in compliance with the said orders of this Court. We will not be making any comments vis-a-vis the failure of the respondent-Bank to produce the original documents of mortgage despite orders of this Court. The E.F.A. accordingly is allowed. The impugned order is set aside. The result would be that the objection petition filed by the appellant shall be deemed to be pending before the learned Judge Banking Court-I, Faisalabad who shall take reply from the decree-holder-Bank, frame appropriate issues and decide the matter after recording evidence of the parties within prescribed time. A copy of this order be immediately remitted to the learned Judge Banking Court-I, Faisalabad. Needless to state that sale proceedings shall remain stayed pending the said decision. H.B.T./N-113/L Appeal allowed.