Banking Court 111 Karachi Auction: Mortgaged Flat No. 18-D, North Nazimabad

Banking Court No. 111, Karachi has ordered the public auction of mortgaged Flat No. 18-D, Block 11, North Nazimabad, Karachi, held as security for a decree in favour of House Building Finance Company against Ameer Sultan son of Akbar Sultan. Decree amount stated as Rs. 1,200,648; market value Rs. 3,000,000 and reserve/upset price Rs. 2,400,000.

Key conditions: a 25% bid deposit by pay order in favour of Banking Court No. 111, Karachi, with the buyer’s CNIC to be submitted to the court immediately; the successful bidder must pay the remaining sale amount within 15 days or forfeit the 25% deposit. All taxes and charges are payable by the purchaser. Sale is subject to court confirmation and the court reserves the right to cancel or refuse any bid. Notice issued 2026-07-20.