Laxmi Sunrise Bank Reissues 7-Day Public Auction Notice for Mortgaged Assets

6th July 2026, Kathmandu

Laxmi Sunrise Bank Limited has officially reissued a 7-day public auction notice for the targeted sale of multiple mortgaged properties and industrial fixed assets.

Laxmi Sunrise Reissues Notice

The commercial banking institution initialized the urgent liquidation workflow following the persistent failure of related borrowers and corporate guarantors to clear their remaining outstanding credit balances, accumulated interest slabs, and administrative late penalties.

The financial organization resorted to the public tender process after completing all statutory warning cycles, including the prior expiration of the standard 35-day and secondary 15-day recovery notices. The ongoing asset liquidation process is handled in strict compliance with the prevailing banking regulations and debt collection acts of Nepal to secure maximum recovery of defaulted credit lines.

CORE TIMELINES AND SUBMISSION CHANNELS

The legal department has structured a rapid processing schedule for evaluating external buy proposals. Commercial corporate buyers and independent real estate investors must track the designated operational timelines:

• Notice Reissue Publication Date: July 6, 2026, corresponding to Ashar 22, 2083 on the national calendar.
• Sealed Bid Submission Deadline: Bidders must drop their final pricing applications within 7 days from the publication date.
• Tender Bid Opening Session: Scheduled for July 13, 2026, translating to Ashar 29, 2083, commencing at exactly 11:00 AM.
• Centralized Evaluation Venue: The physical opening of bids will run inside the Loan Recovery Department at the central Head Office in Hattisar, Kathmandu, or via the designated branch counters.

DETAILED LIST OF MORTGAGED INDUSTRIAL AND PRIVATE COLLATERALS

The auction block contains substantial commercial manufacturing units, land plots, and logistics equipment distributed across major economic hubs in eastern Nepal. The assets are segmented according to their managing branch locations:

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Industrial Assets of Shree Dharan Plastic and Pipe Industries Private Limited (Birtamod Branch, Jhapa): This primary commercial bundle features full rights to the enterprise’s industrial manufacturing land plots, corporate factory buildings, specialized pipe extrusion machinery, and related processing tools. The security framework also incorporates a commercial Mahindra Scorpio S10 two wheel drive utility vehicle pledged directly as corporate collateral.

Private Guarantor Holdings within Shivasatakshi Municipality (Birtamod Branch, Jhapa): This real estate track includes the entire plot of land and the permanent residential house structure mortgaged by personal guarantors to backup the primary business loan lines.

Factory Assets of New Shivshakti Press (Itahari Branch, Sunsari): The industrial packet comprises the entire mortgaged industrial land area, central factory printing buildings, and all movable or immovable corporate machinery setups owned by the printing firm.

LEGAL PROCEDURES AND COMPLIANCE CLAUSES

The bank’s recovery department has clarified that all interested individuals or corporate entities must channel their proposals via sealed envelopes alongside the mandatory earnest money deposit percentages. If the review panel discovers that no bids meet the baseline reservation pricing metrics set by independent property valuators, Laxmi Sunrise Bank Limited retains the absolute legal authority to dispose of or acquire the properties through alternative court mechanisms.

Detailed tender handbooks containing the land map numbers, registration specifics, and exact equipment counts are accessible at the Hattisar central recovery desk. The corporate management stated that consumer or corporate names highlighted within the public notification are utilized exclusively for proper asset identification and legal title transparency.

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