Public Auction of Mortgaged Land and Buildings in Lahore by Lahore High Court

Lahore High Court, Lahore, has proclaimed the public auction of mortgaged immovable properties belonging to the judgment debtor, M/s Eden Housing Limited, in Execution Petition No. 9156/22 in C.O.S. No. 23/2016. The proceedings concern recovery under a judgment and decree dated 10 February 2022 in favour of the decree-holder banks. The decretal amount is Rs. 206,656,349.00.

Property A comprises land measuring 26.57 kanals in Mouza Dullu Kalan, Dullu Khurd and Gajjumata, Lahore. The property particulars describe land parcels in Cantt, District Lahore, together with construction on the land. The parcels are identified through their respective revenue records, including khewat, khata, khasra and ownership-share details. The reserve price for Property A is Rs. 5,022,392,000.

Property B comprises land measuring 10 kanals and 12 marlas situated at Mouza Janjatay. Its particulars identify three land interests through the relevant revenue records and transferred shares, together with construction. The reserve price for Property B is Rs. 169,600,000. The properties will be sold through open public auction on an as-is, where-is basis.

Auction posters are scheduled to be posted in the court premises on 10 November 2026, at Property A on 13 November 2026, and at Property B on 14 November 2026. Property A will be auctioned at its site on 3 December 2026 at 2:00 p.m. Property B will be auctioned at its site on 4 December 2026 at 2:00 p.m.

Prospective bidders must seek permission to participate by filing an application before the court and depositing Rs. 100,000. The properties may be inspected before participation. The Court Auctioneer may accept bids personally or through an authorised representative. The auction remains subject to the court's directions, and the court or auctioneer may stop the auction or withdraw a property if the circumstances require it.

At the fall of the hammer, the highest bidder must deposit 10% of the bid amount with the Court Auctioneer by pay order, demand draft, cheque or bank guarantee. The bidder must deposit a further 15% within 15 days from confirmation of the sale. The remaining 75% must be paid within 60 days of confirmation. Payment by cheque is subject to encashment. Failure to make the required payments may result in forfeiture of the amount deposited and resale of the property under the applicable procedure.

Transfer-related taxes, stamp duty, expenses and charges are payable by the successful purchaser in accordance with the auction conditions. Interested bidders should review the property particulars and the terms governing deposits, confirmation, payment and transfer before bidding.

The Court Auctioneer is Mrs. Khalida Abid, Advocate Supreme Court, 1st Floor, Al-Wakeel Building, 9-Fane Road, Lahore. Contact cell number: 0300-4303783.