Notices Closed 05 Oct 2006
Public Auction: Mortgaged Property Plot C-28, Gulistan-e-Jauhar, Karachi
Public Auction · Karachi · The News International,
Notice advertisement published in The News International on Wednesday, 26 August 2026, listed under Karachi. The last date printed on the advertisement was Thursday, 5 October 2006 and has passed.
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The Banking Court-III, Karachi announces a public auction for sale of a mortgaged immovable property to satisfy a decree in favour of House Building Finance Company Limited. The sale will be held by the Court on an "as is where is" basis.
| Issuer / Court | Banking Court-III, Karachi (Before Mrs. Naushaba Kazi, Judge) |
|---|---|
| Notice Date | Given under hand and seal on 25th day of August (year not specified) |
| Suit / Execution | Suit No. 145 of 2020; Execution No. 59 of 2021 |
| Plaintiff / Decree Holder | House Building Finance Company Limited; Decree Holder named in notice: Sabra Najam Dio Najam ul Hassan |
| Auction Date & Time | 2006-10-05 at 01:00 p.m. |
| Auction Location | Banking Court-III premises, Karachi |
| Property (schedule) | Plot No. C-28, Block C-6, 3rd Floor, Rubia City; Sub-Plot No. C-4, Block 18, Scheme No. 36, Gulistan-e-Jauhar, Karachi — admeasuring 111.11 square yards |
| Decree Amount | Rs. 413,601 (as stated) |
| Market Value | Rs. 4,000,000 (as stated) |
| Forced Sale Value | Rs. 3,400,000 (as stated) |
| Deposit by Successful Bidder | 25% of the bid amount to be deposited immediately by pay order in the name of Judge, Banking Court (photocopy of CNIC to be provided). (No cheque/cash acceptance language appears in the notice.) |
| Balance Payment | Balance payable by the successful bidder before the Court within 15 days from the date of auction. |
| Forfeiture on Default | If the successful bidder fails to pay the balance within 15 days, the notice states that 35% of the bid amount deposited shall be forfeited. |
| Taxes & Dues | All government taxes and dues shall be borne by the auction purchaser. |
| Other Conditions | Sale on "as is where is" basis. The Court reserves the right to cancel the auction or accept/refuse any bid. |
| Nazir / By Order | Muhammad Hassan, Nazir, Banking Court-III, Karachi |
Interested parties should attend the auction at the specified time and place and comply with the deposit and payment terms stated by the Court.
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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