Karachi

PUBLIC Auction Before: Mrs. Munawar Sultana (Judge) Banking Court No. V, Karachi, Block-3-B, Second floor, A.M Area, Pakistan Secretariat, Saddar, Karachi. Suit No. 288 of 2012, Execution No. 56 of 2015 NIB Bank Limited, Orangi Town Branch Karachi..... Decree Holder Versus Muhammad Farooq S/o Muhammad Siddique R/o House No. 16, Sector 11-E, Orangi Town Near National Bank Orangi Town Branch Karachi and Business Address M/s M. Farooq Engineering Works, Plot No. 5, Sector 11-E near NBP Orangi Town No. 5, Karachi.... Judgment Debtor Notice is hereby given that under Order 21 Rule 64 CPC 1908 an order has been passed by Banking Court for sale of attached Property claim of Rs: 4094873.24 with future markup and costs. The undersigned will sale by way of Public Auction at Banking Court No. V Karachi on 04-05-2017 at 12:00 Noon. Mortgaged Property. Plot No. 16, measuring 120 square yards Sheet No. PB/28/146, Sector No. 11-E, Orangi Town Karachi. Market Value Property Rs. 5205000/- Forced Sale Value Property Rs. 4684500/- Terms & Conditions 1. Property will be auctioned condition on "As is where is Basis". 2. All taxes utility charges, Government, Semi Government, charges Revenue and 10% withholding charges tax will be paid by auction purchaser in respect of aforesaid property. 3. The Person declared to be highest bidder / purchaser shall deposit immediately 25% pay order in name of Judge Banking Court No. V, along with photocopy of CNIC of amount of this purchase price with undersigned. No cheque of 25% will be accepted. 4. The balance of purchase money shall be paid by purchaser before Court closes on 15th day from date of Auction. 5. The sale shall be subject to confirmation by court. 6. The Court reserves right to cancel auction or not to accept any bid even if it is highest and to cancel auction at any time. 7. Detail terms & conditions and other information may be obtain from Court by submitting written application on any date prior to auction. Dated 18th March 2017. By Order (Mazhar Ahmed) Nazir Banking Court V, Karachi.