Public Auction — Flat No. 4, 4th Floor, New Home Complex, North Karachi (Banking Court No.1, Karachi)
Karachi · The News International,
Notice advertisement published in The News International on Thursday, 29 October 2026, listed under Karachi. The transcribed last date falls before the publication date, so read the deadline in the clipping.
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Banking Court No. 1, Karachi (Block No. 55, Pakistan Secretariat, Saddar) will conduct a public auction of mortgaged property under Execution No. 31 of 2020, Suit No. 05 of 2020. Decree holder: House Building Finance Company. Judgment debtor: Syed Mohammad Nacem s/o Syed Naemat Ali, resident of Flat No. 4, New Home Complex, North Karachi.
| Property | Flat No. 4, 4th Floor, New Home Complex, Plot No. 58-49, Sector 11-H, North Karachi |
|---|---|
| Forced Sale Value (FSV) | Rs. 1,000,000 |
| Reserve / Sale Price Fixed | Rs. 2,200,000 |
| Auction Date & Time | 2006-12-01 at 01:00 PM |
| Auction Venue | Banking Court No. 1, Karachi (Judge Banking Court No.1) |
| Deposit to Bid | Highest bidder must immediately deposit 25% of the bid by pay order in favor of Judge Banking Court No.1, Karachi, together with a photocopy of purchaser's CNIC. Cheque or cash for the 25% deposit will not be accepted. |
| Payment of Balance | Balance of purchase price must be paid before the Court closes within 15 days from the date of auction. Failure to pay within 15 days will result in forfeiture of the 25% deposit. |
All government taxes and dues shall be payable by the auction purchaser. Sale is subject to confirmation by the Court. The Court reserves the right to cancel the auction or reject any bid. Given under the hand and seal of Banking Court No. 1, Karachi on 28 October 2006. By order: Ahmed Sohail Mahesar, Nazir, Banking Court No.1, Karachi.
Published in The News International on Thursday, 29 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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