Public Auction of Al-Hadi Rice Mills Property, Machinery and Land by Lahore High Court

A public auction will be held under the banking jurisdiction of Lahore High Court, Lahore, in Execution Application No. 12B/2015 in Civil Original Suit No. 01/2013. MCB Bank Limited is the decree holder, M/s Al-Hadi Rice Mills (Pvt.) Ltd. and other defendants are the judgment debtors, and JS Bank Limited is the charge holder bank. The recoverable amount is Rs. 135,880,517.99, with cost of funds to be calculated later.

Property No. 1 comprises a rice mill measuring 41 kanals 17 marlas, bearing Khasra Nos. 227, 228, 229, 230, 231 and 232. Parcel (a) measures 38 kanals 14 marlas, Khewat No. 106/104, Khatooni Nos. 310 to 322, in the revenue estate of Nowshera, Tehsil Daska, District Sialkot, including superstructures, buildings, fittings and fixtures. Parcel (b) measures 3 kanals 3 marlas, Khewat No. 107/105, Khatooni Nos. 323 and 324, in the same revenue estate, including constructions, fixtures, fittings, installations and machinery installed or to be installed by the judgment debtors. Reserve prices are Rs. 155,919,165 for land and buildings and Rs. 7,000,000 for machinery, totaling Rs. 162,919,165. Auction: 14 November 2026 at 11:00 a.m. at the site.

Property No. 2 comprises land measuring 29.5 kanals in the revenue estate of Chak Nizam, Tehsil Saddar, District Gujranwala. Parcel (a) measures 22 kanals 10¼ marlas, Khewat No. 220, Khatooni Nos. 266 and 267, Khasra Nos. 1138/2, 1228, 1245, 1246, 1247, 1251, 1252, 1253 and 1254, Qitat 9, including superstructures, buildings, fittings and fixtures. Its reserve price is Rs. 21,054,500, and its auction is on 21 November 2026 at 10:00 a.m. at the site. Parcel (b) measures 6 kanals 10¾ marlas, Khewat No. 221, Khatooni No. 268, Khasra Nos. 1248 and 1250, Qitat 2, including superstructures, buildings, fittings and fixtures. Its reserve price is Rs. 5,000,805, and its auction is on 21 November 2026 at 1:00 p.m. at the site.

The properties will be sold on an as-is-where-is basis at the buyer's risk. Any member of the public may participate after depositing a CNIC copy and Rs. 1,000,000 against each property as security or earnest money, in cash, bank draft or pay order issued by a bank in favour of the Deputy Registrar Judicial, Lahore High Court, Lahore. Unsuccessful bidders will receive their security back at the conclusion of proceedings. Opening bids cannot be below the reserve price. Bidding closes after at least three calls of the highest offer.

The purchaser must immediately pay the amount equal to the property's reserve price through pay order, bank draft or banker's cheque in favour of the Deputy Registrar Judicial, Lahore High Court, Lahore. Failure entails security forfeiture and re-auction the same day or within seven days, as decided by the auctioneer. Where the bid exceeds the reserve price, the balance must be deposited with the court within 15 days of sale. The purchaser bears applicable taxes, fees, stamp duties and transfer expenses. Final confirmation rests with the court, which may approve or reject bids or cancel the auction.

For inquiries or site visits, contact court auctioneer Israr Ahmed Qureshi, Advocate High Court, First Floor, Akram Mansion, Nila Gumbad, Lahore, telephone 92-323-4122881; or Zeeshan Nadeem, Advocate High Court, Regus, 3rd Floor, Askari Corporate Tower, Main Boulevard, Gulberg-III, Lahore, telephone 92-321-8436242. Bank clarification is available from Mr. Ashfaq Nawab, Relationship Manager–SAM, at 0304-0409816.