Public Auction — Flat No. 416, Block-7, Adeel Complex, Federal B. Area, Karachi (Banking Court-III)
Public Auction · Karachi · The News International,
Notice advertisement published in The News International on Wednesday, 26 August 2026, listed under Karachi.
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Banking Court-III, Karachi (before Mrs. Naushaba Kazi) announces public auction of a mortgaged residential flat to satisfy a decree in execution proceedings.
| Issuer | Banking Court-III, Karachi |
|---|---|
| Judge | Mrs. Naushaba Kazi |
| Decree Holder | House Building Finance Company Limited, University Road, Gulshan-e-Iqbal, Karachi |
| Judgment Debtor | Nabi Bux Iqbal S/o Natho Khan |
| Execution / Suit | Execution No. 78 of 2022 in Suit No. 79 of 2019 |
| Property for Sale | Flat No. 416, 4th Floor, Block-7, Adeel Complex, Federal B. Area, KDA Scheme No. 10, Karachi |
| Decree Amount Claimed | Rs. 906,306/- (plus future cost of funds as notified by State Bank) |
| Market Value | Rs. 6,061,240/- |
| Forced Sale Value | Rs. 4,840,992/- |
| Auction Date & Time | on 50 09 2026 at 01:00 p.m. at the Banking Court (Karachi) |
| Deposit at Auction | 25% of the bid amount (no cheque or cash of 25% will be accepted) |
| Balance Payment | Balance to be paid by the successful bidder before the Court closes on or before 15 days from the date of auction |
| Forfeiture | If purchaser fails to pay the balance within 15 days, the 25% deposit shall be forfeited |
| Taxes & Dues | All government taxes and dues shall be borne by the auction purchaser |
| Confirmation | Sale is subject to confirmation by the Court; Court reserves the right to cancel the auction or not to accept any bid |
Interested parties should attend the public auction at the stated time and place. Given under the hand of Banking Court-III, Karachi (dated 25th day of August in the notice).
Published in The News International on Wednesday, 26 August 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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