Ban on auctioning mortgaged properties lifted 6435 6688 PakRealEstateTimes.Com

Thread Rating:

0 Vote(s) - 0 Average
1
2
3
4
5

Threaded Mode | Linear Mode

Ban on auctioning mortgaged properties lifted

07-28-2009, 05:31 AM

Post: #1

Naveed Yaseen
Unregistered

Ban on auctioning mortgaged properties lifted

ISLAMABAD: The government has decided to lift a ban on the auction of properties mortgaged by defaulters of the Zarai Taraqiati Bank Limited (ZTBL) and the House Building Finance Corporation Limited (HBFC), in light of a Supreme Court’s decision. A Finance Ministry spokesman said the ministry had banned the auction of mortgaged properties of defaulters of ZTBL and HBFC. However, the SC, in its decision on February 11, 2009, had revived the power of investment banks to recover loans by selling mortgaged properties without seeking the court’s permission. staff report

http://www.dailytimes.com.pk/default.asp...009_pg7_43

« Next Oldest | Next Newest »

Possibly Related Threads...
Thread:		Author	Replies:	Views:	Last Post
	FBR Records a 340.5% Surge in Tax Collection from Immovable Properties in FY23	LRE-Azan	0	342	11-30-2023 06:46 PM Last Post: LRE-Azan
	FBR Instructed to Real-Time Valuation of Properties in Upscale Areas	LRE-Azan	0	414	10-17-2023 06:57 PM Last Post: LRE-Azan
	LDA Demolishes 35 Illegal Properties in a Major Crackdown	LRE-Azan	0	508	09-11-2023 01:11 PM Last Post: LRE-Azan
	32 Commercial Properties to Go For Auction	Salman	0	4,255	03-06-2014 12:50 PM Last Post: Salman
	LDA issues procedure for transfer of exemption-related properties	Salman	0	5,782	02-25-2014 01:23 PM Last Post: Salman
	LDA sealed 570 properties in 2013	Salman	0	4,603	01-02-2014 01:25 PM Last Post: Salman
	Deviation From Rules – Properties Demolished At Three Places	Salman	0	7,285	11-28-2013 03:35 PM Last Post: Salman
	CDA Auctioning Commercial Plots	Salman	0	8,377	11-12-2013 04:04 PM Last Post: Salman
	Monsoons Bring Destruction To Multiple Residential And Commercial Properties	Salman	0	9,431	08-16-2013 12:00 PM Last Post: Salman
	55 More Properties Sealed	Salman	0	4,155	05-22-2013 01:46 PM Last Post: Salman
	35 Properties Sealed For Non-Payment Of Taxes	Salman	0	5,150	05-07-2013 06:49 PM Last Post: Salman
	LDA auctions 28 properties against Rs 354.153 million	Salman	0	4,104	04-04-2013 02:41 PM Last Post: Salman
	1.7m dwellers get properties for Rs172/marla	Salman	0	7,832	03-13-2013 03:21 PM Last Post: Salman
	21 properties sealed on tax non-payment	Salman	0	4,302	02-25-2013 04:05 PM Last Post: Salman
	LDA seals 35 properties	Salman	0	3,767	12-29-2012 12:58 PM Last Post: Salman
	LDA seals 14 properties	Salman	0	3,857	11-26-2012 11:28 AM Last Post: Salman
	LDA seals 15 properties	Salman	0	3,730	11-02-2012 04:34 PM Last Post: Salman
	LDA seals 26 commercial properties	Salman	0	3,742	10-24-2012 12:37 PM Last Post: Salman
	Lahore Development Auctioned 13 Properties in Lahore	Salman	0	9,635	09-24-2012 04:13 PM Last Post: Salman
	LDA takes over mortgaged plots in 18 private housing schemes	Salman	0	16,132	06-20-2012 04:05 PM Last Post: Salman

User(s) browsing this thread: 1 Guest(s)