Banking Court III Karachi Auction: Flat No. 602, Rex Center (1866 sq. ft) — Forced-sale Rs 20,899,200

Banking Court III, Karachi has ordered a public auction of immovable property to satisfy recovery in Execution No. 174 of 2021 (Suit No. 06 of 2020). The sale concerns Flat No. 602, 7th B Floor, Rex Center, Saddar Bazaar Quarters, Karachi (1,866 sq. ft). The recovery amount indicated is Rs. 9,710,167.30; the market value is Rs. 26,124,000 and the forced-sale value Rs. 20,899,200.

Bidders must deposit 25% of the bid by pay order in favour of Banking Court III, Karachi (photocopy of CNIC to be submitted); cheques will not be accepted. The successful bidder must pay the remaining balance within 15 days of the auction date or forfeit the 25% deposit. All government taxes and levies are payable by the purchaser. The court reserves the right to accept or reject the sale.