Yashodha Holdings (Pvt.) Limited vs People’s Bank – CA 1268/1998-2013

In the case between Yashodha Holdings (Pvt.) Limited and People’s Bank, the court addressed whether the Petitioner company was entitled to a refund of Rs. 16 million allegedly deposited with the Respondent Bank to halt a public auction of mortgaged properties. It was determined that the evidence only confirmed a deposit of Rs. 7 million, with no substantiated proof that the remaining balance was paid as claimed. The bank’s right to proceed with the auction was upheld, with the finality and binding nature of earlier Court of Appeal and Supreme Court decisions on the validity of the Parate Resolution recognized. The application was dismissed, reaffirming the principle of res judicata and collateral estoppel, and underscoring the preclusive effect of prior determinations on repetitive litigat