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Y has no power to enter into any kind of Agreement for sale of the said property and as such any document (whether on Bond Paper or otherwise) executed by him would be meaningless and will not transfer any title to you.
There would be no purpose for depositing or paying any amount by you to the Bank on behalf of X, since you will not get any benefit from the same and it will only help X in paying off his debts.
The suit of vendee thus could not succeed in entirety.
The loans so far advanced to displaced persons from West Pakistan, the properties built by the Government for their rehabilitation and provision made till May 1953 for their rehabilitation for the future under the Five Year Plan or otherwise was decided to be utilized for rehabilitation by giving grants.Since, the said lease deed has not been registered it cannot be looked into and as such the terms regarding payment of property tax cannot be enforce by you in law.