Auction Of Pledged Jewelry Gold Ornaments


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Date : 2016-07-21

Auction Of Pledged Jewelry Gold Ornaments


Description :

Auction Of Pledged Jewelry Gold Ornaments

National Bank of Pakistan

Regional Office Rawalpindi

Auction Notice

For recovery of overdue amount from following borrower of our region auction of pledged jewelry / gold ornaments shall take place at the premises of the bank as mentioned below.

If for any reason, the auction can not take place on that date, the same shall be held on next day at same time and place.


Branch name & place of auction

Contact no. of area manager / manager

Date of auction & time



Amount outstanding as on 31.03.2016

Gross weight in grams

Net weight in grams


F Block pindora

051-9290586, 0344-5858358

26-07-2016 at 03:00 pm

Malik Muhammad Ejaz S/O Muhammad sadiq





Terms and conditions:

1.       The prospective bidder shall deposit a sum of Rs. 5000/- as earnest money for participating in the bidding.

2.       The successful bidder shall deposit 25% of his bid amount at the spot, failing which the earnest money shall stand forfeited and rebid ding shall take place immediately.

3.       Balance 75% of the bid amount shall be deposited within two days from the date of auction.

4.       In case the balance amount is not deposited within time, the bid shall be cancelled and jewelry shall be re auctioned with the original bidder being liable for cost and any shortfall in price on rebidding.

5.       The description of jewelry is on the basis of the information provided by the pledger. The bidders shall satisfy themselves about the weight and quality of jewelry and the bank offers no warranty of any nature whatsoever.

6.       The bank shall be at liberty to refuse an offer without giving any reasons.

7.       The jewelry may be inspected at the bank premises within usual business hours, after prior appointment.

8.       Advance tax @10% of bid amount shall be applicable and payable on the spot.

Regional Office, Rawalpindi, Phone No. 051-9272687, 9271036.

Contact : Regional Office, Rawalpindi, Phone No. 051-9272687, 9271036.
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