Islamic Investment Bank Limited Peshawar Cantt Tender Notice 2013

AUCTION OF ASSETS OF ISLAMIC INVESTMENT BANK LIMITED
Bids are invited for the assets of IIBL as per details below
Name of Property, Location
Bank premises at Lahore, Property Number II. Main Gulbarg Road, Old Jail Road, Near ZafarAli Road. Lahore
Bank premises at Peshawar, Shop Number 04, Cantonment Plaza, Saddar Road. Peshawar Cantt. (Lease Hold Rights)
Sun Rise Textile Mills Limited. 7 km sheikhupura FaisalAbad Road, Lahore.
Plot 30 Marla approximately covered Area 5736 Sq.Feets
961 Sq.Feets
7 Acres Land with covered area 150,000 Sq.Feets alongwith machinary in erection stage
Banc premises at arac M01- M04, 1. Mezzanine Floor, Progressive Plaza, Beaumont Road, Karachi
7760 Sq.Feets
Terms and conditions
Sealed bids can be submitted with the undersigned at the given address by 21st Oct 2013. Auction shall be on the basis of"as is, where is" The bids shall remain valid acceptance for a period of 30 days from the date of opening of bids. Each bid shall be accompanied by: A. A copy of CNIC of the bider or M.D /C.E in case of a firm or company; B. Earnest Money / call deposit @ 5% of the bid amount in shape of Bank Draft /Pay Order in favour of the Official Liquidator IIBL. In case of non compliance by the successful bider the earnest money / call deposit shall be confiscated / forfeited by the Official Liquidator. Bid for each item shall be separately given and envelope containing, the same shall clearly specify the item for which the bid is made. Bidders can inspect the property during office hours before closing date. Opening of bids on 22nd October 2013 at 2:00pm. All government taxes, charges, etc shall be paid by the successful bidders. The successful bidder shall make full payment within 30 days of communication of acceptance of bid to him / it. Official Liquidator may allow any person to submit a good offer before the finalization of the bidding process, in such an event the higher bidder shall be provided an opportunity to enhance his bid. Possession of the asset will be handed over with in 30 days time after full payment. The official liquidator reserves the right to cancel / reject any bid at any stage without assigning, any reason. Intimation to the successful bidders shall be communicated within 7 days after final approval of the Court.
AUCTION OF ASSETS OF ISLAMIC INVESTMENT BANK LIMITED
Contact Karachi Office 021-35650493 Lahore Office 042-5754856
Barrister Syed Mudassar Ameer Official Liquidator (Islamic Investment Bank Limited) Cantonment Plaza Peshawar Cantt Ph# 091-5273583 Fax# 091-5278564 Mob# 0300-8580326