Public Auction — Mortgaged Properties of M/s Sumaira Flour Mills (Pvt.) Ltd. by The Bank of Punjab

Issuer: The Bank of Punjab (Unit Head — Special Assets Management Division). Purpose: Public auction of mortgaged properties in the account of M/s Sumaira Flour Mills (Pvt.) Limited to recover outstanding dues.

Case parties: The Bank of Punjab (Plaintiff) vs M/s Sumaira Flour Mills (Pvt.) Limited and others (Defendants).

Interested bidders are invited to inspect valuation reports and properties and to participate in on-site public auctions on the dates listed below. Valuation reports are available for inspection at The Bank of Punjab Head Office, BOP Tower, 10-B, Block E-II, Main Boulevard, Gulberg-III, Lahore during office hours; copies available on request.

Key participation and sale terms (summary):

• To participate, prospective bidders must inspect valuation reports and the properties and submit required earnest money as specified by the Bank (see Head Office for exact amount and mode of deposit).
• The highest bidder will be declared successful. The successful bidder shall deposit 25% of the bid amount within two business days of the auction. Remaining balance and formalities must be completed within the time prescribed by the Bank.
• All applicable taxes, stamp duties, registration charges and other government levies/fees shall be borne by the purchaser.
• The Bank reserves the right to accept, reject or postpone/cancel the auction or change terms without assigning reasons. Other detailed terms and conditions are available at the Head Office.

Inspection and contact: Unit Head — Special Assets Management Division, The Bank of Punjab, Head Office, 6th Floor, BOP Tower, 10-B, Block E-II, Main Boulevard, Gulberg-III, Lahore. For details and queries contact the Bank's Special Assets unit (phone numbers listed at bank head office).