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AUCTION: Gold Ornaments Pledged Against Loan Account 5426 at Halan Microfinance Bank Branch No. 2 Sargodha

Tender No: 5426
Active Tender
Closing Date:
2026-10-26

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. Halan Microfinance Bank, Branch No. 2 Sargodha, is conducting a public auction of gold ornaments pledged against loan account number 5426, CNIC No. 33106-1666292-3. The auction will take place at the branch premises. The gold ornaments were pledged as collateral for a loan, and the borrower has defaulted on repayment. As per the bank's policy and legal requirements, these pledged items are now being offered for open auction to recover the outstanding dues. Items being auctioned: - Gold ornaments pledged against loan account number 5426 (exact weight and description as per bank records; details available at the branch prior to auction) Interested bidders are invited to inspect the gold ornaments at Halan Microfinance Bank, Branch No. 2, Sargodha, during banking hours before the auction date. The auction will be held on 26 October 2026 at 10:00 AM, and successful bidders must complete payment and documentation by 3:30 PM the same day. All participants must bring their original CNIC for registration and submit a refundable earnest money deposit as specified by the bank. The highest bid will be accepted, subject to the bank's approval and compliance with all legal formalities. Bidders should ensure they have sufficient funds available for immediate payment if successful. It is advisable to inspect the gold items in advance and clarify any queries with the branch staff. For transparency, the auction will be conducted in the presence of bank officials and witnesses. A practical tip: Arrive early on auction day to complete registration and review the auction terms, as latecomers may not be allowed to participate.
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