Auction of Mortgaged Property at Multan

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Habib Bank Limited, Corporate Centre Branch Multan, as Decree Holder, announces the public auction of mortgaged property located at Multan. This auction follows a decree passed by the Lahore High Court, Lahore, against judgment debtors including Arain Mills Limited, Muneer Ahmed, Khalid Mehmood, Ch. Abdul Waheed, Ch. Rashid Ahmed, Mrs. Niaz Bibi, Mrs. Zakaria Begum, and others. Items being auctioned include the mortgaged property described as part of Farid Talqah Al that piece and parcel of land bearing Khatta #90, Khata Nos. 137 (41, 42, 5, 6, 14, 15), 252/1, 16, 17, 18/1, and 27, and Khasra No. 138/1(1, 5, 10, 11, 20) measuring 12 Kanals 19 Marlas situated in Mohallah Dera Multan, Tehsil & District Multan. The property includes present and future rights, benefits, and easements. The auction will be held on 14-11-2026 at 12:30 PM at the Court premises. The proclamation of sale was posted on 28-09-2026 and the last date for the auction is 07-10-2026. The property is mortgaged and subject to the terms and conditions of the auction as detailed in the notice, including reserved price, earnest money, and payment terms. Interested bidders should note that the property is sold subject to all prior charges and encumbrances. The auction will be conducted by Court Auctioneers Muhammad Saddique and Haseeb Ahsan Javed. Bidders are advised to carefully review the terms and conditions, including the requirement to deposit earnest money and abide by the auction rules. This auction provides an opportunity for bidders to acquire valuable mortgaged property in Multan. Bidders should ensure timely submission of bids and compliance with all auction requirements to avoid disqualification. For best results, bidders are advised to visit the property beforehand and consult legal counsel if necessary to understand all implications of the sale.