Public Auction of Mortgaged Property in Kabirwala by Lahore High Court, Multan Bench

A public auction of mortgaged property in Tehsil Kabirwala, District Khanewal, will be conducted pursuant to an order dated 26 October 2026 of the Lahore High Court, Multan Bench. The execution proceedings concern Bank Al Habib Limited and recovery of Rs. 358,549,316, together with legal costs and auction expenses. The proceedings are identified as Suit No. 02/11 and Execution No. 07/17.

The property offered comprises mortgaged land together with buildings, machinery and associated assets. The auction will take place at the property on 10 November 2026 at 10:00 a.m. The reserve price is Rs. 150,000,000.

Intending bidders must produce their original national identity cards and provide copies for the auction proceedings. Each participant must deposit Rs. 1,500,000 as security with the court auctioneer in the form of a call deposit or pay order. The security of unsuccessful bidders will be returned, while the successful bidder's deposit will be adjusted against the purchase price.

The successful highest bidder must deposit the reserve-price amount of Rs. 150,000,000 with the court auctioneer at the auction through the payment instruments permitted in the auction conditions. Payment of the remaining purchase amount is subject to the executing court's directions. The sale requires confirmation by the executing court, and the successful bidder must bear the applicable transfer and other expenses.

The court auctioneer may accept or reject the highest bid, and the auction date, time or conditions may be changed. Participation and completion of the sale are subject to the auction conditions and the applicable provisions of the Code of Civil Procedure.

For auction enquiries, contact Babar Saleem, Advocate and Court Auctioneer, Qasim Road, Multan Cantt, on 0300-7335979.