{"id":18284,"date":"2023-07-27T12:56:29","date_gmt":"2023-07-27T07:56:29","guid":{"rendered":"https:\/\/propakistani.pk\/proproperty\/?p=18284"},"modified":"2023-07-27T12:56:29","modified_gmt":"2023-07-27T07:56:29","slug":"court-orders-auction-of-mortgaged-house-for-loan-defaulter","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/proproperty\/court-orders-auction-of-mortgaged-house-for-loan-defaulter\/","title":{"rendered":"Court Orders Auction of Mortgaged House for Loan Defaulter"},"content":{"rendered":"<p>LAHORE: In a recent development, the banking court issued an order for the auction of a defaulter&#8217;s property by August 4, following a request from the bank.<\/p>\n<p>The court took this decision after considering the case of Tamiz Begum, a resident of Gulshan Ravi, who had obtained a loan under the name of Hamza Transportation.<\/p>\n<p>As collateral for the loan, an 8 Marla house located in Gulshan Ravi was mortgaged.<\/p>\n<p>However, due to failure in repaying the loan, Tamiz Begum was declared a defaulter by the bank.<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/court-indicts-alleged-defaulter-for-disowning-mortgaged-house-after-taking-loan\/\" target=\"_blank\" rel=\"dofollow\" class=\"u0f5f0df2c586c8aba4f49720c9cfa4f5\"><style> .u0f5f0df2c586c8aba4f49720c9cfa4f5 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .u0f5f0df2c586c8aba4f49720c9cfa4f5:active, .u0f5f0df2c586c8aba4f49720c9cfa4f5:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u0f5f0df2c586c8aba4f49720c9cfa4f5 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u0f5f0df2c586c8aba4f49720c9cfa4f5 .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .u0f5f0df2c586c8aba4f49720c9cfa4f5 .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .u0f5f0df2c586c8aba4f49720c9cfa4f5:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">Court Indicts Alleged Defaulter for Disowning Mortgaged House After Taking Loan<\/span><\/div><\/a><\/div>\n<p>Subsequently, the bank&#8217;s lawyer approached the court, requesting the auction of the mortgaged property to recover the outstanding debt.<\/p>\n<p>In compliance with the court&#8217;s directive, the court auctioneer, Jazeb Sindhu&#8217;s advocate, presented the property valuation report and the auction schedule.<\/p>\n<p>As a result, the court has set the date for the auction as August 4.<\/p>\n<p><em>Source: The News<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAHORE: In a recent development, the banking court issued an order for the auction of a defaulter&#8217;s property by August 4, following a request from the bank. The court took this decision after considering the case of Tamiz Begum, a resident of Gulshan Ravi, who had obtained a loan under the name of Hamza Transportation. As collateral for the loan, an 8 Marla house located in Gulshan Ravi was mortgaged.\u2026<\/p>\n","protected":false},"author":3,"featured_media":16082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-18284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/05\/LDA-Adopts-Modern-Approach-for-Auctions-with-Introduction-of-Online-Bidding.jpg",1000,560,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/05\/LDA-Adopts-Modern-Approach-for-Auctions-with-Introduction-of-Online-Bidding.jpg",1000,560,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/05\/LDA-Adopts-Modern-Approach-for-Auctions-with-Introduction-of-Online-Bidding.jpg",1000,560,false]},"author_name":"Firas Qureshi","categories_name":["News"],"title_text":"Court Orders Auction of Mortgaged House for Loan Defaulter","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=18284","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/18284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=18284"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/18284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/16082"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=18284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=18284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=18284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}