Public Auction: 10-Kanal Mortgaged Land — The Bank of Khyber, Rawalpindi

Issuer: The Bank of Khyber. Sale of mortgaged property (10 Kanal land) by public auction on an "AS IS WHERE IS" basis. Sealed bids/offers are invited under the terms and conditions outlined by the Bank. Successful bidder will be required to deposit an earnest money amount and the remaining sale proceeds within the stipulated time. The Bank reserves the right to accept or reject any bid and to withdraw the property from sale.

Key terms (summary):

• Sale will be conducted under Financial Institutions (Recovery of Finances) Ordinance as per the learned Banking Court order cited in the notice.
• Bids must be submitted in sealed envelopes with the required earnest money (10% of the offered price) in the form of pay order/bank draft drawn in favour of The Bank of Khyber.
• Successful bidder must deposit the remaining 90% of the accepted bid amount within 15 days of acceptance (as specified in the notice).
• Bidders should satisfy themselves about boundaries, title, encumbrances and other legal matters prior to bidding; the Bank will not be responsible for any such issues.
• The Bank reserves the right to accept/reject any or all bids and to withdraw the property from sale without assigning any reason.
• For exact submission address, contact numbers, and full terms & conditions, refer to The Bank of Khyber’s office/notice published by the Bank.