AUCTION: Gold Jewellery Pledged Against Loan Default at Halan Microfinance Bank Branch 16, Sargodha

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Halan Microfinance Bank is conducting a public auction of gold jewellery items that were pledged as collateral against a defaulted loan at its Branch 16, Sargodha. The auction is being held in accordance with the bank's recovery procedures after the borrower, CNIC No. 42401-7270148-2, failed to repay the outstanding loan amount. The auction will take place at the branch premises on 16 October 2026 at 11:00 AM. Interested buyers are invited to participate and bid for the gold jewellery, which will be sold to the highest bidder as per the bank's terms and conditions. Items being auctioned: - Gold jewellery pledged by the defaulter (specific item list not provided in the notice) The auction is open to all eligible participants who can provide valid identification and comply with the bank's auction requirements. The gold jewellery will be available for inspection at Branch 16, Sargodha, prior to the auction date during banking hours. All participants must deposit a refundable earnest money of PKR 10,000 before the auction begins. The successful bidder will be required to pay the full bid amount immediately after the auction is concluded. In case the highest bidder fails to make the payment, the earnest money will be forfeited and the next highest bidder may be considered. The auction will be conducted transparently at the branch premises, and all interested parties are encouraged to arrive before 11:00 AM on 16 October 2026 to complete registration formalities. For further details, contact the branch manager at Halan Microfinance Bank, Branch 16, Sargodha. A practical tip: bring your original CNIC and sufficient funds for earnest money and payment, as delays in payment may result in forfeiture of your bid.