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General Announcement Karachi


PUBLIC Auction Before: Mr. Khalid Mehmood Bhatti, Judge Banking Court No. II, Block No. 54, Pakistan Secretariat Saddar, Karachi. Suit No. 66 of 2013, Execution No. 113 of 2014 First Dawood Investment Bank Limited, I.I. Chundrigar Road, Karachi..... Decree Holder Versus 1. Muhammad Farooq Lakhani S/o Haji Moosa R/o B-7, Kehkashan House Scheme-33, Guluzar Hijri, Karachi. 2nd Address Proprietor M/s Ever Glow Communication. Office at Plot No. 1, Memon Nagar, Sector 13-A, Near Marfani Hospital Gulzare Hijri, Karachi. 2. Muhammad Ashraf S/o Haji Abdul Karim R/o House No. 1479/3, F.B. Area Block-10, Karachi..... Judgment Debtors Notice is hereby given that under Order 21 Rule 64 CPC 1908 order has been passed by Banking Court for sale of attached Immovable Property decree claim of Rs: 70,71,147/- with future markup and costs. The undersigned will sale by way of Public Auction on 11-07-2017 at 02:00 pm at Banking Court-II, Karachi. Mortgaged Immovable Property. S.No. Shops No. (1) (Shop No. 17/1, 1st Floor 120 square feet) Market Value (5,00,000/-) Forced Sale Value (400,000/-) (2) (Shop No. 22/B-3, 1st Floor 108 square feet) (350,000/-) (2,80,000/-) (3) (Shop No. 13-A/1, 1st Floor 110 square feet) (400,000/-) (320,000/-) (4) Shop No. 75/1, 1st Floor 156 square feet) (700,000/-) (560,000/-) (5) Shop No. 10-D/3, 1st Floor 40 square feet) (160,000/-) (128,000/-) (6) (Shop No. 10-E/3, 1st Floor 40 square feet) (160,000/-) (128,000/-). All Six Shops Mentioned above are situated at Plot No. 21/A, Four square shopping mall Block-2, PECHS, Tariq Road, Karachi. Total market Value Rs: 2270000/- Total Forced sale value Rs: 1816000/- Terms & Conditions 1. Property will be auctioned on condition, "As is where is Basis". 2. All taxes utility charges, Government, Semi Government, charges Revenue and 10% withholding charges tax shall be paid by auction purchaser in respect of above mentioned property. 3. Person declared to be highest bidder / purchaser shall deposit immediately 25% pay order in name of Judge Banking Court II Karachi along with photocopy of CNIC of amount of his purchase price with undersigned. No cheque of 25% will be accepted. 4. Balance of purchase money shall be paid by purchaser before Court closes on 15th day from date of Auction. 5. Sale shall be subject to confirmation by court. 6. The undersigned reserve right to cancel auction or not to accept any bid even if it is highest at any time. Seal of Court on this 09th May 2017. By Order (Abdul Samad Kourejo) Nazir Banking Court II, Karachi.

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