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Banking Court Karachi Public Auction — DHA Phase V/C Property
Banking Court Karachi Public Auction · Karachi · The News International,
Notice advertisement published in The News International on Thursday, 1 October 2026, listed under Karachi. Issued by Banking Court Karachi Public Auction. The last date printed on the advertisement was Friday, 6 November 2020 and has passed.
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Banking Court No. III, Karachi has ordered a public auction of an immovable property in satisfaction of a decree obtained by Dubai Islamic Bank Pakistan Limited.
Key details:
| Issuer / Court | Banking Court No. III, Karachi (Block No. 50, Pak Secretariat, near Passport Office, Sadar, Karachi) |
|---|---|
| Plaintiff | Dubai Islamic Bank Pakistan Limited |
| Judgment Debtor | Mrs. Synda Urma Tanveer Hussain and others |
| Execution / Suit | Execution No. 59 of 2025 in Suit No. 76 of 2025 |
| Decree Amount | Rs. 32,379,555 |
| Property | Plot on 2/h Street, Phase V/C, Pakistan Defence Officers Housing Authority (DHA), Karachi |
| Market Value | Rs. 99,002,500 |
| Forced Sale Value | Rs. 66,730,000 |
| Auction Date & Time | 2020-11-06 at 01:00 PM |
| Venue | Banking Court, Karachi |
| Deposit | Successful bidder must deposit 25% of the bid immediately by pay order in the name of Judge, Banking Court No. III, Karachi; photocopy of CNIC to be provided. Cheque or cash of the 25% will not be accepted. |
| Balance Payment | Balance to be paid by the purchaser before court closes or within 15 days of the auction. Failure to pay balance within 15 days will result in forfeiture of the 25% deposit. |
| Other Conditions | All government taxes and dues to be borne by the purchaser. Sale subject to confirmation by the Court. Court reserves the right to cancel the auction or not accept any bid. |
| Signed / Nazir | (Muhammad Kassan), Nazir, Banking Court-III, Karachi |
Published in The News International on Thursday, 1 October 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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