Court-Ordered Auction of Mortgaged Properties in Sialkot — Habib Bank Limited
Court-Ordered Auction of Mortgaged Properties in Sialkot · Sialkot · Dunya,
Notice advertisement published in Dunya on Monday, 29 June 2026, listed under Sialkot, Pakistan.
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Plaintiff: Habib Bank Limited. Jurisdiction: Lahore High Court under the Financial (Recovery of Finances) Ordinance, 2001. Purpose: Sale by public auction of mortgaged/charged immovable assets to recover outstanding finance secured by mortgages and guarantees.
Parties: Habib Bank Limited (Plaintiff) versus Messrs Leatherfield (Pvt.) Ltd and multiple defendants/guarantors connected with properties and charges in Sialkot (listed in the court notice).
Key particulars (as stated in the court notice):
| Property | Description / Location | Notes |
|---|---|---|
| Property A | Immovable mortgaged land measuring 82.75 kanals on Wazirabad Road, near Motorway Interchange; Tehsil and District: Sialkot. | Offered for sale under court order to satisfy the decree in favour of Habib Bank Limited. |
| Other Mortgaged Assets (Properties B, C, etc.) | Additional immovable/mortgaged assets and charged properties (including parcels of land and constructed assets) belonging to the defendants/guarantors in Sialkot are listed in the notice. | Full descriptions, reserve prices and auction schedules are contained in the official court notice. |
Action for interested parties: Auctions will be conducted pursuant to the Lahore High Court order. Interested bidders and parties-in-interest should consult the official court notice for the exact auction schedule, reserve prices, terms and conditions of sale, earnest-money requirements and venue details. The notice lists authorized attorneys and contact details for the plaintiff's representatives for verification and further instructions.
Legal basis: Sale under the Financial (Recovery of Finances) Ordinance, 2001 and orders passed by the Lahore High Court in the suit filed by Habib Bank Limited.
Published in Dunya on Monday, 29 June 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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