Public Notice of Proposed IBL Tower Purchase by Cavalier Developers, Karachi

Nawaz Hussain Sikander, Advocates & Legal Consultants, acting as counsel for Cavalier Developers (Pvt.) Limited, gives public notice that its client has agreed to purchase the property described below from Indus Bank Limited (in official liquidation), acting through its Official Liquidator. The proposed sale and transfer will be completed in accordance with the applicable orders of the Peshawar High Court, Peshawar, in C.C. No. 08/2000.

The proposed purchase is to be completed with valid and marketable title, free from encumbrances and outstanding property-related claims and dues, and with vacant, peaceful and physical possession, in accordance with the agreed terms and applicable court orders.

Any person, institution, creditor or authority having or claiming any right, title, interest, exchange, gift, inheritance, maintenance, mortgage, charge, lien, lease, tenancy, sub-tenancy, licence, hypothecation, trust or beneficial interest, possession, prior agreement, prescription, pre-emption, attachment, litigation, dues, any claim under a decree, order or award, or any other claim concerning the property, or any objection to its proposed sale or transfer, must submit a written claim or objection to the counsel at the address below.

Claims or objections must include full particulars, supporting documentary evidence, and the claimant's name, address and contact details. They must be delivered by registered post with acknowledgment due or by courier within seven (7) days from the date of publication of this notice. Failure to submit within this period will result in any and all claims being deemed waived and abandoned.

If no documented claim or objection is received within that period, Cavalier Developers (Pvt.) Limited may proceed with completion of the proposed purchase and transfer in accordance with the agreed terms, applicable law and the orders of the Court.

Claims and correspondence: Nawaz Hussain Sikander, Advocates & Legal Consultants, Counsel for Cavalier Developers (Pvt.) Limited, 2nd Floor, ACM Tower, Khaliq-uz-Zaman Road, Block 8, Clifton, Karachi, Sindh, 75600.

Telephone: +92 21 35296400-2
Email: contact@nhslegal.com