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AUCTION: Gold Jewellery Items from Defaulter Safe Deposit Lockers at Bank Islami Branch Lahore
Tender No: 159-B/M
Expired Tender
Closing Date:
2024-07-18
2024-07-18
Tender Overview
- Category
- Asset Disposal & Auction / Metals & Scrap
- Sector
- Auction
- Tender Type
- Auction
- Submission Method
- In person at Bank Islami, 159-B/M, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore
- Source Name
- Newspaper
Location & Dates
Contact & Websites
- Contact Person
- Credit Operations Department
- Contact Phone
- 021-111-003-737
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Tender Description
NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights.
Bank Islami Pakistan Limited is conducting a public auction of gold jewellery items recovered from the safe deposit lockers of defaulter account holders at its branch in Lahore. This auction provides an opportunity for interested buyers to acquire various gold ornaments that have been left unclaimed by the original locker holders despite repeated notices. The auction will be held at the branch premises, and all items will be sold to the highest bidder as per the bank's policy.
Items being auctioned:
- 2 Rings (3.6 tola)
- 1 Ring (3.6 tola)
- 01 Kanthi, 02 Kante, 01 Tika, 01 Ring, Earrings, 4 Locket Chain (27 tola)
- 6 tola gold jewellery (details: unspecified)
- Kante 2 (3.4 tola)
- Waliyan 4 (3.5 tola)
- Waliyan 2 (3.5 tola)
- 4 Karay with Lakh (27 tola)
- 2 Karay 2 Piece (15 tola)
- 2 Karay (15 tola)
All items are described with their respective weights and types as per the list above. The auction is open to the public, and interested parties are encouraged to inspect the items prior to bidding. Participation requires compliance with the bank's terms and conditions, including submission of valid identification and payment of earnest money as specified by the auction committee. The auction will be conducted transparently, and successful bidders must make payment in full immediately after the conclusion of the auction.
Bidders should ensure they arrive early to complete registration and review the items. It is advisable to bring a pay order or cash for earnest money deposit. For further details, contact the branch at the number provided below. A practical tip: carefully inspect each jewellery item for authenticity and weight before bidding, as all sales are final and items are sold on an as-is basis.
