AUCTION: Gold Jewellery Pledged Items Recovery for Defaulter Borrowers

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Bank of Punjab is conducting an open auction for the recovery of pledged gold jewellery items from defaulter borrowers at its Model Town Branch, Lahore. This auction provides an opportunity for interested bidders to acquire various gold ornaments that were pledged as collateral by borrowers who have defaulted on their loans. The auction will be held at the branch premises, and all items will be sold to the highest bidders in accordance with the bank's recovery procedures. Items being auctioned: - 04 Rings (5.35g) - 4 Earrings (3.18g) - 2 Baliyan (2.15g) - 1 Haar (4.1g) - 2 Kante (4.4g) - 2 Chooryan (3.0g) - 1 Choori (1.8g) - 2 Bangles (7.9g) - 2 Chain (3.8g) - 1 Haar with moti (8.2g) - 2 Kante 2 Rings 1 Locket 1 Bracelet (27.15g) - 4 Bangles (19.5g) - 2 Kante (10.4g) - 1 Kara 2 Kante (10.4g) - 2 Chooryan 1 Chain (3.65g) - 2 Ruby (3.65g) - 1 Bangle (3.0g) - 1 Haar 2 Kante (16.8g) - 1 Necklace 2 Earrings 1 Ring (18.3g) - 2 Bangles (18.3g) - 2 Earrings 1 Ring (5.8g) - 2 Bangles (11g) - 1 Necklace 2 Earrings 1 Ring (18.3g) - 1 Bangle (5.8g) - 2 Mala 1 Bangle (8.7g) - 2 Earrings 1 Ring (5.3g) - 1 Necklace 2 Earrings 1 Bangle (25.7g) - 1 Kara (11.5g) - 2 Earrings 1 Ring (5.5g) - 1 Necklace 2 Earrings (16.9g) - 1 Necklace 2 Earrings (8.2g) All items are described with their respective weights in grams. The auction is open to all eligible bidders who can provide valid identification and meet the bank's requirements. Interested parties are advised to inspect the items prior to the auction date. Earnest money or pay order may be required as per the bank's auction policy. The auction will be conducted in a transparent manner, and successful bidders must deposit the full amount immediately after the auction. Bidders should ensure timely arrival at the branch and bring all necessary documents. For best results, review the list of items and their weights in advance to prioritize your bids. A practical tip: bring a certified pay order for earnest money to avoid delays in registration on auction day.