PUBLIC Auction. Before: Ijlal Hyder Memon (Judge), Banking Court No. IV, Karachi, Block # 48-A, Pakistan Secretariat Saddar, Karachi, Suit No. 967 of 2017, Habib Metropolitan Bank Limited, Islamic Banking Branch, Alfalah Court Karachi. ... Plaintiff Versus 1. Salamcot (Pvt) Limited, Office 311, 3rd Floor, Progressive Centre, Shahrahe Faisal Karachi, 2. Muhammad Tariq S/o Aftab Ahmed, R/o House No. 93-B, Street-34, Khayabane Sehar, Phase-V Extension, DHA, Karachi. 3. Sikandar Ali Memon s/o Haji Noor Muhammad R/o House No. A-108, Defence Plaza, Hyderabad ... Defendants. Notice is hereby given that under Order 21 Rule 64 CPC 1908, an order has been passed by Banking Court for sale of attached Pledged Goods Recovery Amount Rs. 26,088,233/-. The undersigned will sell by way of Public Auction at Banking Court No. IV Karachi on 21.05.2019 at 11:00 A.M. Detail of Pledged Goods, Place of Stock: Speedway Godown, Plot No. S-90 / A, SITE, Karachi, Pakistan, Description of Goods: Goods / Raw Cotton in bales quantity 1025 Bandal. Value of stocks and as is where is basis. Rs. 35,00,000.00 Forced sale Value Rs. 29,75,000.00. Note: Purchaser Inspection on 30.04.2019 at 09:00 AM to 03:00 PM at Godown. Terms & Conditions: 1. Pledged Goods 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% in pay order in name of Judge Banking Court No. IV, along with photocopy of his CNIC and amount of this purchase price with the undersigned. No Cheque and no old pay order of 25% will be accepted. 4. The balance of purchase amount shall be paid by purchaser before Court closes on fifteenth day after sale of property, in default of payment of balance purchase money within prescribed period, 25% may be forfeited. 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. Dated 17th April 2019. By Order (Ishfaque Ali Khokhar) Nazir Banking Court IV, Karachi.