Banking Court III Karachi Auction of Flat 906 in Gulistan-e-Jauhar

Banking Court III, Karachi, presided over by Judge Noshaba Qazi, invites public bids for the auction of an immovable property in proceedings involving JS Bank Limited. The auction relates to Case No. 07 of 2021 and Execution No. 40 of 2025, for recovery of Rs. 433,168 together with applicable markup. The sale is being conducted under Order XXI, Rule 64 of the Code of Civil Procedure, 1908.

The public auction will take place on 3 December 2026 at 1:00 p.m. at Banking Court III, Block 50, Pakistan Secretariat, Saddar, Karachi.

The property will be auctioned on an as-is, where-is basis. The successful bidder must deposit 25% of the purchase price through a pay order in favour of the Nazir, Banking Court III, Karachi, and provide a copy of their CNIC. The remaining 75% must be deposited within 15 days. Failure to pay the balance will result in forfeiture of the 25% deposit and re-auction of the property. The court reserves the right to accept or reject any bid without assigning a reason.

The auction notice was issued by the Nazir, Banking Court III, Karachi, under the court's seal on 30 October 2026.