AUCTION: Gold Jewellery Pledged by Defaulters at U Microfinance Bank Branches Jhelum and Thal

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. U Microfinance Bank Limited is conducting a public auction of gold jewellery pledged by defaulters at its Jhelum and Thal branches. This auction is being held due to repeated legal notices and reminders to the defaulters, who have failed to repay their liabilities. The auction will take place at the respective branches as per the schedule below, and interested bidders are invited to participate in accordance with the bank's terms and conditions. Items being auctioned: - Gold jewellery pledged by Dilip Kumar s/o Ram Bahawal at Jhelum Islamic Branch, Jhelum - Gold jewellery pledged by Ehsan Ali s/o Wali Muhammad at Jhelum Islamic Branch, Jhelum - Gold jewellery pledged by Ghulam Mustafa s/o Lal Din at Gaggar Road, Opposite Jhelum - Gold jewellery pledged by Ghulam Mustafa s/o Lal Din at Gaggar Road, Opposite Jhelum - Gold jewellery pledged by Ali s/o Wali Bakhsh at Gaggar Haji Chakar Sher, Tehsil Thal, District Jhelum The auction will be held on 10 December 2026 at 11:00 AM at the respective branches. All items are being sold as-is, and the successful bidders will be required to pay the full bid amount as per the bank's auction policy. Interested parties should ensure they bring valid identification and sufficient funds for earnest money or pay order as required by the bank. Participation is open to all eligible individuals, and the auction will be conducted in a transparent manner. A practical tip for bidders: Arrive early to inspect the jewellery lots and clarify any queries with the branch staff before the auction begins. This will help you make informed bids and avoid last-minute confusion.