Nepal Bank Limited has published a 15-day public notice inviting sealed bids for the auction sale of various movable and immovable properties pledged as collateral against defaulted loans.
According to the bank, the borrowers associated with the listed loan accounts have failed to repay their outstanding dues despite repeated notices and requests. As a result, the bank has decided to recover the loans through the sale of the pledged assets in their current condition.
Interested individuals, firms, and companies can submit sealed bids by quoting the amount they are willing to pay for the properties. Bid forms can be obtained from the concerned branch offices or the Loan Recovery Department of the bank after depositing the prescribed fee.
The bank stated that bids must be submitted within 15 days from the publication date of the notice. The sealed bids will be opened in the presence of bidders or their representatives at the designated branch office or the bank’s central Loan Recovery Department.
Bidders are required to submit a bid security deposit equivalent to the percentage specified by the bank, either through a voucher, bank guarantee, or manager’s cheque. Successful bidders must complete the payment within the stipulated period and transfer ownership of the purchased assets in accordance with prevailing laws and regulations.
The bank has reserved the right to accept or reject any bid without assigning reasons. Interested parties may inspect the relevant properties and associated documents by contacting the concerned branch offices before participating in the bidding process.
Nepal Bank has urged prospective buyers to carefully review all auction terms and conditions before submitting their bids.
Published by Nepal Bank Limited on 2083-3-3
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