Tender details

BANK ALFALAH LIMITED
PUBLIC AUCTION NOTICE
In exercise of powers conferred under Section 15(4) of Financial Institutions (Recovery of Finances) Ordinance, 2001 read with Rule 3(c) of Financial Institutions (Recovery of Finances) Rules 2018, Bank Alfalah Limited is intended to sell the mortgaged properties without intervention of the Court "As is Where is" Basis.
Mandatory particulars for the purposes of Section 15(4)(b) of Financial Institutions (Recovery of Finances) Ordinance, 2001 read with Rule 3(c) of Financial Institutions (Recovery of Finances) Rules 2018 are as follows:
Particulars of Mortgaged Properties
(i) Agri.land measuring 13-09 Acres (PIU-450) situated at Deh 5 Dim Taluka Sinjhoro District Sanghar through APB # 238894 issued in the name of Mr. Ghulam Muhammad.
Name and Address of the Mortgagor(s)/ Guarantor(s)
(i) Mr. Ghulam Muhammad - Gul Hassan Sirewal, P/O Ihol Tehsil Sinjhora, District Sanghar.
(ii) Mr. Abid Hussain - Gul Hassan Sirewal, P/O Ihol Tehsil Sinjhora, District Sanghar.
(iii) Mr. Waleed Raza - Gul Hassan Sirewal, P/O Ihol Tehsil Sinjhora, District Sanghar.
Amount of Outstanding Against Mortgagor(s)
Rs. 648,542/- (Six Hundred Forty-Eight Thousand, Five Hundred Forty-Two Only) as of Jan 30, 2026) along with costs and costs of funds till payment - M/s. Ghulam Muhammad.
Reserve Price
Rs. 10,580,000/- (Ten Million, Five Hundred Eighty Thousand Six Hundred Only).
Schedule of Auction
1. At 3:00 p.m. on 03 Dec 2026 - Thursday.
2. Upon completion of the pre-auction procedural protocols, the auctions will be conducted as follows:
The auction is scheduled for 3:30 p.m. sharp on Dec 03th, 2026, at Bank Alfalah Ltd, Sanghar Hyderabad Branch - City Survey No. 124/A, Ward-A, Nawabshah Road, Sanghar.
TERMS OF AUCTION
* Participants of the auction proceedings shall bring their original CNIC(s) with three copies thereof to participate in the auction proceedings.
* For the purposes of auction 3:00 p.m. will be the cutoff time, and no relaxation shall be advanced to facilitate any late participation.
* No bid below the reserve price of Rs. 10,580,000/- shall be accepted.
* The participants of the bidding process shall submit Rs. 500,000/- as surety in the shape of pay order in favor of Bank Alfalah Limited, and handover the same to the Auctioneer appointed by the Bank, and the surety so submitted shall be returned to the unsuccessful bidders upon completion of the auction proceedings.
* The successful bidder shall deposit 25% of the bid amount with the Bank within two days of the auction, and the rest of the 75% of the bid amount shall be deposited by the successful bidder within fifteen days from the initial deposit.
* In case the successful bidder fails to deposit the remaining amount within prescribed time, the surety and initial deposit of 25% will not be returned / refunded to the bidder, and the same shall be adjusted towards reduction of liability of the borrower, and the auction proceedings will be re-initiated.
* The Bank shall be entitled in its discretion to participate in the public auction and to purchase the mortgaged property for an amount ten percent higher than the highest bid obtained in the public auction, to which the highest bidder would not object.
* The successful bidder shall be bound to pay requisite taxes.
* The mortgaged property is auctioned on "as is where is" basis, and particulars given herein are correct to the knowledge of the Bank.
* The sale / auction shall be subject of confirmation by the competent authority of the Bank. The Bank reserves the right to reject all or any offer without any reason.
* The expenses for execution of Sale Deed / Transfer Documents will be borne by the purchaser.
In case of further information, please contact Bank Alfalah Limited - Office No. 501, 5th Floor, Fortune Centre, PECHS Block-6, Main Shahrah e Faisal, Karachi. Ph. 021-38207604, +92331-2557429.
Bank's Auctioneer
Ashok Kumar K. Jamba - M.A L.L.B, Advocate High Court
Office No. 8 - Humayoon Gymkhana Stadium Road Sukkur.
Cell: 0300-9313808.