Kumari Bank Announces 7-Day Sealed Bid Auction for Mortgaged Property in Koteshwor

22nd June 2026, Kathmandu

Kumari Bank Limited has officially launched a seven-day sealed bid auction process for a prime residential property located in Koteshwor, Kathmandu Metropolitan City.

Kumari Bank Auction Notice

The recovery notice follows the extended failure of the primary borrower to regularize outstanding financial obligations despite multiple formal grace periods and prior notices issued by the credit administration. Because the primary liabilities, including accrued interest, structural penalty fees, and miscellaneous operational dues remain unfulfilled, the banking institution has exercised its rights under prevailing security agreements to initiate a public asset liquidation.

Comprehensive Background on Borrower and Guarantor Legal Profiles

The structural tracking of bad debt assets involves detailed public listings of the legal entities and individual stakeholders associated with the underlying facility.

• Primary Defaulting Borrower: Nabin Nepali
• Permanent Documented Address: Belaka Municipality Ward Number 5, Udayapur District, Nepal
• Current Operational Address: Changunarayan Municipality Ward Number 10, Bhaktapur District
• Identified Personal Guarantor: Pramila Pariyar
• Guarantor Permanent Location: Suryabinayak Municipality Ward Number 11, Bhaktapur District
• Guarantor Present Location: Changunarayan Municipality Ward Number 10, Bhaktapur District
• Legal Recovery Framework: Bank and Financial Institutions Act, 2073 (BAFIA)

Structural Property Breakdown and Core Auction Specifications

The real estate asset placed under public bidding consists of land and permanent residential structures situated in an established municipal sector of the capital city.

The property is situated within the jurisdiction of Kathmandu Metropolitan City in the Koteshwor area. The total land area configuration is officially registered under the standard Ropani framework as 0-4-0-0 (four Aana of land). The auction transaction comprises both the land parcel and the entire residential building structure constructed on the site. Upon successful completion of the legal auction terms, all ownership titles, structural rights, and property attachments will be transferred to the highest valid bidder.

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Step-by-Step Sealed Bid Submission and Earnest Money Procedures

Prospective buyers, real estate firms, and independent property investors must satisfy precise procedural criteria to ensure their bid documents remain valid during evaluation.

Interested individuals and corporate entities are required to submit their formal proposals within seven days from the public advertisement date during standard operating banking hours. All submission files must be safely filed at the Koteshwor Branch Office of Kumari Bank. The application must explicitly contain a clear financial valuation offer in writing. Furthermore, participants must include an earnest money deposit equivalent to ten percent of their complete quoted bid figure, presented via an official deposit voucher or a verified Good for Payment cheque.

Important Administrative Guidelines, Opening Schedules, and Due Diligence

The financial institution maintains strict structural rules governing the ultimate allocation and final approval of the auctioned real estate asset.

The formal opening of the submitted sealed proposals will take place directly at the Koteshwor Branch Office on Ashar 15, 2083, starting at precisely 3:00 PM. The asset management committee notes that the process will continue systematically even if the applicants or their legal representatives are absent during the time of opening. Kumari Bank retains the complete right to accept or reject any financial proposal without providing institutional justification. The winning applicant must execute the complete residual payment within the exact timeline mandated by the bank, as failing to clear the balance will result in a total forfeiture of the ten percent earnest money deposit. Additionally, all property taxes, municipal transfer costs, and legal registration fees remain the sole responsibility of the buyer.

For More: Kumari Bank Auction Notice