Notices Closed 31 Aug 2006
Public Auction: Flat B-16, Aslam Apartment, Block-13, Gulshan-e-Iqbal, Karachi
Public Auction · Karachi · The News International,
Notice advertisement published in The News International on Sunday, 26 July 2026, listed under Karachi. The last date printed on the advertisement was Thursday, 31 August 2006 and has passed.
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House Building Finance Company Limited (Decree Holder) has issued a public auction notice through the Banking Court in Karachi for recovery of a decree against Muhammad Rashid Khan S/O Muhammad Younus (Judgment Debtor).
| Item | Details |
|---|---|
| Property | Flat No. B-16, Aslam Apartment, Block-13, Gulshan-e-Iqbal, Karachi |
| Area | 800 Sq. Feet |
| Decree / Suit / Execution | Suit No. 930 of 2016; Execution No. 124 of 2018 |
| Decree Amount | Rs. 1,440,000 (plus future cost of funds at prevailing State Bank of Pakistan rate, to be calculated from date of default) |
| Market Value | Rs. 7,500,000/- |
| Forced Sale Value | Rs. 6,000,000/- |
| Auction Date & Time | 2006-08-31 at 01:00 p.m. |
| Auction Venue | Banking Court premises, Karachi (Banking Court-III noted; deposits/pay orders to be in the name of Judge, Banking Court No. II, Karachi) |
| Deposit / Payment Terms | Highest bidder must immediately deposit 25% of the bid amount by pay order in the name of Judge, Banking Court No. II, Karachi, and provide a photocopy of CNIC with the Nazir of the Court. The balance of the bid amount shall be paid by the successful bidder before the Court closes. |
| Other Conditions | Property sold "as is where is" at Court premises. All government taxes and dues to be borne by the purchaser. Sale subject to confirmation by the Court; the Court reserves the right to cancel the auction or not to accept any bid. |
| Issuing Judge / Court Officer | Mrs. Naushaba Kazi (Judge). Nazir: Muhammad Hassan, Banking Court, Karachi. |
| Court Address | Block No. 50, Pakistan Secretariat, Saddar, Karachi; Gas House, 21-Kashmir Road |
Prospective bidders should attend the auction at the stated date and time and comply with the deposit and identification requirements listed above.
Published in The News International on Sunday, 26 July 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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