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Ittefaq Textile Mill

LHC orders auction of Ittefaq Textile Mill for bank loan default

LAHORE: In another blow to the Sharif family, the Lahore High Court (LHC) on Monday ordered auction of Ittefaq Textile Mill to recover the amount owed by the family to a private bank, ARY News reported. A private bank had filed a petition before the court for the public auction of the mill after the members of Sharif family failed to pay loans worth Rs110 million. Justice Shahid Karim of the LHC heard the petition. At the outset of court proceedings, counsel of the bank presented his arguments and informed the bench…