1. ' Nazir has submitted reference stating that bank guarantee in the sum of Rs, 18,53,573. Dated 14-10- 1992 has already been furnished by the judgment-debtor pursuant to orders passed in H.C.A. No,52 of 1991.
2. ' The Reference is taken on record.
2. Learned counsel for the decree-holder submits that the proceedings were stayed since the matter was pending before the Honourable Supreme Court of Pakistan and on 25-5-2000 leave in C.P.L.A 510-K of 1999 has been declined. Photostat of the certified copy of the said order has been placed on record. He prays that since the matter has been finally decided, there is no impediment in grant of execution application.
3. ' Mr. Khalid Jawaid, learned counsel for the judgment-debtor contends that some time may be given to him to go through the order of the Supreme Court. There is hardly any justification to deprive the decree-holder of the fruits of the decree passed in his favour vide judgment and decree dated 4-2-1991 in a suit pertaining to the year 1987. Therefore, I am not inclined to grant any further extension in time to the judgment-debtor.
4. ' The execution application, in the circumstances, is allowed. Let a bank guarantee furnished by the judgment-debtor be encashed by the Nazir and the amount be paid to the decree-holder.
5. ' Execution Application stands disposed of.