Court-Ordered Auction of Mortgaged Properties (Habib Bank Ltd. v. Messrs Leatherfield Pvt. Ltd.)

Habib Bank Limited (Plaintiff) — Lahore High Court jurisdiction under the Financial (Recovery of Finances) Ordinance, 2001 — has arranged public auctions of immovable mortgaged/charged properties secured to recover dues from Messrs Leatherfield (Pvt.) Ltd. and guarantors/other defendants. Proclamation/pasting of notices began 2026-06-29.

Multiple properties in Sialkot (including residential units referred to as Bilal House, Model Town; properties on Muradian Road/Model Town; Zar Ali Road addresses and related mortgaged assets) will be offered for sale in court auctions. Interested bidders should note that auctions will be held at the court premises under the terms and conditions published by the auctioneer/court. The sale is being conducted pursuant to Farad/Talqa particulars as shown in the court notice.

Key actions for prospective bidders:

• Attend the auction at the court premises on the scheduled date and time.
• Observe the published terms and conditions of sale (including deposit, proclamation and verification procedures) available from the court/auctioneer.
• Note that auctions are being conducted under Lahore High Court proceedings for recovery of finance; purchase will be subject to the court sale terms.

For full particulars, reserve prices, exact plot/house details, and detailed auction terms (including deposit amounts and incremental bidding rules), consult the official court notice (Habib Bank Limited v. Messrs Leatherfield (Pvt.) Ltd.) or contact the court/appointed auctioneer as listed in the published notice.