Public Auction of Mortgaged Immovable Properties by Lahore High Court, Lahore
The notice
Lahore High Court, Lahore, announces a public auction of mortgaged immovable properties in Execution Petition No. 9156/22 arising from C.O.S. No. 23/2016. The proceedings concern recovery by BankIslami Pakistan Limited against the judgment debtors through execution of a decree and sale of the mortgaged properties.
The schedule of properties offered for auction contains seven entries. The first comprises land measuring 476 kanals and 14 marlas. The second comprises land measuring 10 kanals and 11 marlas. The third comprises land measuring 140 kanals. The fourth comprises land measuring 89 kanals and 18 marlas. The fifth comprises land measuring 25 kanals. The sixth comprises land measuring 35 kanals. The seventh comprises land measuring 2 marlas.
The properties are identified in the auction schedule through land-revenue particulars, including khewat, khatoni and khasra references. The sale concerns the mortgaged properties and the ownership interests described in that schedule.
The recovery proceedings cite amounts of Rs. 206,665,349.00 and Rs. 28,660.00, together with costs of funds. The notice refers to execution proceedings and enforcement of the mortgage under the Financial Institutions (Recovery of Finances) Ordinance, 2001.
Listed from a public newspaper advertisement. Confirm the details with Lahore High Court, Lahore before acting on this notice. Notice PN-17.
