Bahria Town founder Malik Riaz has approached the Supreme Court in a bid to halt the auction of his company’s properties scheduled for August 7, filing an appeal against a recent Islamabad High Court (IHC) decision.

Senior lawyer Farooq H. Naek submitted the appeal on Riaz’s behalf, urging the apex court to suspend the auction process until a final verdict is reached. The petition also seeks the overturning of the IHC judgment that allowed the auction to proceed.

The move comes a day after Malik Riaz issued a public statement via social media platform X (formerly Twitter), claiming that recent actions by government agencies have severely disrupted Bahria Town’s operations and plunged the company into financial crisis.

In his statement, Riaz alleged that authorities had taken multiple coercive actions, including freezing the company’s bank accounts, impounding staff vehicles, and arresting dozens of employees. As a result, he said, cash flow had collapsed, making it impossible for the company to provide routine services.

“We are unable to pay staff salaries, and we are now being forced to consider a complete shutdown of Bahria Town operations across Pakistan,” Riaz stated. He described such a move as a last resort but said the situation had deteriorated to a critical level.

Calling for dialogue, Malik Riaz appealed for a chance to return to what he termed a “dignified and serious resolution.” He expressed willingness to participate in any form of arbitration and committed to fully complying with its outcome, including any financial settlement mandated.

The Supreme Court’s response to the appeal will now be closely watched, as it may determine whether Bahria Town finds legal relief or faces escalating challenges.