Himalayan Bank Limited’s 7-Day Auction Notice
23rd November 2025 Kathmandu
Himalayan Bank Limited has issued a 7-Day Auction Notice to inform the public, concerned borrowers, and guarantors that various movable and immovable properties pledged as collateral against unpaid loans will be sold through a sealed-bid auction process.
Himalayan Bank’s Auction Notice
This action is being taken as a final measure to recover dues that have remained unpaid despite repeated reminders to the borrowers.
Auction Process and Key Terms
The auction is mandated under the Bank’s operating rules and the directives of Nepal Rastra Bank (NRB) for the recovery of non-performing assets (NPAs).
Auction Method: The sale will be conducted via sealed bids (Goshwara Shilabandi Boli). This means interested buyers must submit a confidential written offer detailing the amount they are willing to pay for the specific property.
Submission Deadline: Bids must be submitted to the respective branch offices where the loans are serviced within 7 days from the date of the public notice publication.
Cancellation Provision: The auction process provides a final opportunity for the borrowers to retain their property. The auction will be canceled if the borrowers settle all outstanding dues, interest, and charges before the final auction date.
Outcome: If the dues are not cleared, the property will be transferred to the highest bidder in accordance with the Bank and Nepal Rastra Bank rules. The bank retains the full right to accept or reject any bid without providing any explanation.
Detailed Property Breakdown for Auction
The notice covers nine separate properties, all secured against loans issued from various branches across the bank’s network, including locations in the Kathmandu Valley, Terai, and hill regions. The properties listed are primarily land and house assets.
1. Kathmandu Valley Collateral
Tikathali Branch, Lalitpur: The collateral is a land and house located in Lalitpur Metropolitan City, Tikathali Ward 7 (Plot No. 373, Area: 0–5–2–1). The borrower is Maan Prasad Chhetri.
Maitidevi Branch, Kathmandu: The collateral is a house and land located in Tokha Municipality Ward 6 (Plot No. 306, Area: 0–2–2–2). The registered owner is Bal Krishna Dawadi.
Gongabu Branch, Kathmandu: The collateral includes land located in Tarkeshwor Municipality (Plot Nos: 510 and 511, Areas: 0–7–2–1 and 0–4–1–3). The borrowers are Bimala Adhikari and Birendra Adhikari.
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Sukedhara Branch, Kathmandu: The collateral is land located within Kathmandu (Plot No. 287, Area: 0–4–3–2). The borrower is Rajendra Shrestha.
2. Regional Collateral
Bhattar Branch, Rasuwa: The collateral is land located in Ramche, Nuwakot (Plot Nos: 383 and 355, Areas: 0–7–0–2 and 0–6–3–3). The borrowers are Milan Tamang and Chholing Tamang.
Dhangadhi Branch, Kailali: The collateral is land and a building located in Bhajani Municipality (Plot No. 456, Area: 0–3–0–0). The borrower is Gajendra Bahadur Singh.
Hetauda Branch, Makwanpur: The collateral is a house and land located in Hetauda-4 (Plot No. 45, Area: 0–4–3–3). The borrower is Binod Kumar Thapa.
Butwal Branch, Rupandehi: The collateral is a land and house located in Kotahimai–5 (Plot No: 213, Area: 0–3–0–0). The borrower is Sushil Gurung.
Birtamod Branch, Jhapa: The collateral is land located in Buddhashanti–1 (Plot No: 466, Area: 0–5–0–0). The borrower is Binod Prasad Saud.
Important Instructions for Prospective Bidders
Individuals and institutions interested in acquiring these properties must strictly comply with the bank’s submission requirements.
Submission Location: Sealed bids must be submitted within the 7-day period directly to the respective branch office that issued the auction notice for that property.
Required Documents: Bidders must submit a formal application for the property and deposit the prescribed bid security amount. This security amount is typically a percentage of the minimum bid value or the outstanding loan amount and is fully refundable if the bidder is unsuccessful.
Adherence to Procedures: All bidders must comply with all bank procedures related to the bidding, verification, and eventual transfer of the property.
The issuance of this notice signifies Himalayan Bank Limited’s aggressive push towards reducing its non-performing assets by recovering dues from delinquent loans secured by real estate.
For More: Himalayan Bank’s Auction Notice
