Dhaka, May 5 -- owned Janata Bank PLC has issued an auction notice for the assets of Globe Janakantha Shilpa Paribar, including the iconic 15-storey 'Janakantha Bhaban,' to cover for defaulted loans amounting to Tk 215 crore.

Interested bidders have been directed to submit their applications to the court by 2:00 pm on April 28. Applicants must include a pay order or bank draft equivalent to 10 percent of the reserved price. The reserved price will be disclosed during the auction, and the bidding process will follow court regulations.

The bank noted in the advertisement that neither the bank nor the court would take responsibility for any disputes arising after the sale of the assets.

The loan was disbursed in 2021 through Janata Bank's...