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AUCTION: Gold Ornaments Pledged Against Finance Facilities by Mobilink Bank DHA Lahore

Active Tender
Closing Date:
2026-10-31

Tender Document

Tender Document

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. Mobilink Bank DHA Lahore branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have failed to repay their dues along with markup. The auction is scheduled for 31-10-2026 at 10:00 AM under branch code 2000. Items being auctioned: - Customer: Auneza Fatima, Gold Weight: 203 GM, Details: 2 Kantay Bima Moti, 1 Gani Bima Moti Dori, 3 Kary Bima Moti, 2 Chorian - Customer: Rehman Ali, Gold Weight: 29 GM, Details: 1 Jori Balian, 1 Chori This auction involves gold ornaments pledged by customers as collateral for finance facilities. The bank will auction these items if the customers do not clear their outstanding amounts within one day of this notice's publication. No further public notice will be issued for payment calls. Interested bidders should note the auction date and attend the branch on time. Earnest Money or CDR requirements are not specified but bidders should be prepared for standard auction procedures. The auction is a direct sale of pledged assets due to default. For bidders, it is advisable to verify the authenticity and condition of the gold ornaments before the auction date if possible. Timely attendance and preparation of required bid security will enhance chances of successful acquisition. This notice is issued by Mobilink Bank DHA Lahore branch, located in Lahore, Punjab. The auction provides an opportunity to acquire gold ornaments at potentially competitive prices due to customer defaults.
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