Court-Ordered Public Auction: Flat B-3, Rabia City, Johar, Karachi

Banking Court No. 1, Karachi has ordered a public auction of mortgaged property under Execution No. 59 of 2020 (Suit No. 691 of 2016). The decree holder is House Building Finance Company and the judgment debtor is Shamoon Abrar (S/o Syed Abrar Alam).

Property: Flat No. B-3, 1st Floor, Block No. 1, Rabia City, Sub Plot No. 83, Survey No. 11830, Block-18, Johar, Karachi. Market value Rs. 2,700,000; Forced Sale Value (FSV) Rs. 2,100,000. The auction will be held at the mortgaged property. The highest bidder must immediately deposit 25% of the bid by pay order in favor of Judge, Banking Court No. 1, Karachi, and supply a photocopy of purchaser's CNIC (cheques not accepted). The balance of the purchase money must be paid before the Court closes. Other terms and conditions of sale apply.