The following properties of BNBL will be sold in an OPEN AUCTION on 14.08.2015 (Friday) at 10:00 AM in the RICBL Conference Hall, (RICBL Building, Thimphu) on “AS IS WHERE IS BASIS” and the interested bidders are requested to physically inspect the properties prior to the auction.
COMMON TERMS & CONDITIONS
1 All potential purchasers must register before 9.30 AM on the day of Auction.
2 A registration fees of Nu.300 ( Non Refundable ) with an earnest money of Nu.25,000.00 to be deposited in cash /BNBL cheque not later than 10.00 AM on the day of auction.
3 Earnest money of unsuccessful bidders shall be refunded.
4 The highest bidder will be the purchaser and no bidder shall be allowed to retract their bid(s). All sales are final and binding.
5 For every successful bid, the purchaser is required to make payment of 25% of the bid amount by CASH/BNBL CHEQUE immediately after the fall of hammer. The balance is to be paid on or before the expiry of ten days from the date of Auction and take delivery of the property.
6 The purchaser will not be entitled to possession of the property ( ies) purchased until the total purchase price have been fully paid and adjusted. In the event that the purchaser fails to pay the full purchase price for the property within the prescribed time, deposits/part payment made shall be forfeited.
7 The purchaser shall be deemed to have physically inspected the property to their full satisfaction before making their bid(s).
8 The Bank may at any time before the property is sold withdraw the property from the sale.
9 The decision of the Auction Committee to accept or reject the bid without assigning any reason shall be final and binding.
For any Clarification,Please contact the LEGAL DEPARTMENT. BNBL, Thimphu or call @328577-88Extn.129/178 or 17117499/17115700.