A division bench of Sindh High Court has issued notices in a petition challenging the Section 15 of the Financial Institution(s) Recovery of Finances Ordinance 2001, to the respondents for November 4. The counsel for petitioner Saalim Salam Ansari submitted that powers conferred on the banks to sell the mortgaged property, as provided under Section 15 of the Financial Institution(s) Recovery of Finances Ordinance 2001, without taking a mortgage decree from the court was the violation of the Article 10-A of 1973 Constitution.
The bench comprising Chief Justice SHC Justice Mushir Alam and Justice Ahmed Ali Sheikh, after hearing initial arguments, ordered the issuance of notices to respondents.