Druk PNB Bank Limited(DPNBL) incorporated in Bhutan is a Joint Venture Bank with 51% share holding by Punjab National Bank, a leading public sector Bank in India.

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AUCTION NOTICE

AUCTION NOTICE

We would like to notify the interested public that the following properties will be sold in an open Auction on 6th October 2018 at 10:30 a.m. in the Conference hall of Druk PNB Bank Ltd, Thimphu. The interested bidders are requested to physically inspect the property prior to the auction. The cadastral maps and photographs of the property can be checked / inspected from the Credit Department, Corporate Office, Druk PNB Bank Ltd., Thimphu:

1. 87120 Sq.ft. of dry land in Plot no. PGT-2517 under Thram No. 2054, Nalapanee in Phuentsholing Thromde.
2. 1.87 acre of dry land under Thram No. 928, Paga, Chapcha, in Chukha Dzongkhag (Near Chunzom).
3. 3.82 acre of dry land under Thram No.104, Watsa,Damchu, in Chukha Dzongkhag
(Near Damche’s new bridge/junction of new road to P/ling).

Terms and Conditions

(1) All potential bidders must register before 9:30 AM on the day of the Auction.
(2) Earnest money of Nu.25, 000/- (twenty five thousand only) to be deposited in cash not later than 10:00 a.m. on the day of auction.
(3) The earnest money of the unsuccessful bidders will be refunded.
(4) An entrance fee of Nu.500/- to be deposited in cash in addition to the earnest money which is non-refundable.
(5) The successful bidder must deposit 25% of the bid offer at the fall of the hammer. Balance 75% must be deposited within 10 working days from the day of the auction.
(6) In case the successful bidder fails to deposit 75% as stipulated, the 25% bid offer deposited shall be forfeited.
(7) The Auction committee shall presume that the bidders have duly inspected the properties prior to the auction and shall not entertain any complaints thereafter.
(8) Any tax payable to the govt. for the land sold through auction during the ownership transfer shall be borne by the winning bidder.
(9) The decision of the Auction Committee to accept/reject the offers without assigning any reason shall be final and binding.

For clarification, please contact at 02-325936/324497 (Extension 301) or 17614300 (mobile). This Notification is also available on www.drukpnbbank.bt.

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