PUBLIC Auction Before: Mrs. Munawar Sultana (Judge | Dawn Classifieds

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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. 812 of 2011, Execution No. 35 of 2016 Faysal Bank Limited, Faysal House, Sharae Faysal Karachi ... Decree Holder Versus 1. Shiekh Kashif Imtiaz S/o Shiekh Imtiaz Hussain, Proprietor of M/s Premier Corporation, 5th floor, Bambino Chambers, 70 Garden Road, Karachi. 2. Muhammad Amin S/o Muhammad Yousif, 125-C/II, 13th Street off Khayabane Mohafiz, 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 mentioned in the Schedule hereunder in satisfaction of the claim of Rs: 23,600,000/- together with cost of funds. The undersigned will sale by way of Public Auction the below mention immovable properties of debtors on at Banking Court No. V on 08-11-2017 at 12:00 Noon. Schedule of the Mortgaged Property. 1. Bearing Plot No. 75-J, Block-6 PECHS Karachi measuring 1005.5 square yards. Market Value of Property Rs. 75,000,000/- Forced Sale Value Property Rs. 56,000,000/- 2. Plot No. 125-C/II, 13th Street Phase-VI, DHA, Off Khayabane Mohafiz Karachi admeasuring 500 square yards. Market Value of Property Rs. 60,000,000/- Forced Sale Value of the Property Rs. 45,000,000/- Subject to the following 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 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 08th day of September 2017. By Order (Mazhar Ahmed) Nazir Banking Court No. V, Karachi.

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