Kumari Bank Limited Re-Auctions Pledged Collateral Assets Across Multiple Locations

20th August 2026, Kathmandu

Kumari Bank Limited has issued a seven-day notice inviting sealed bids for the re-auction of various movable and immovable assets pledged as loan collateral.

Kumari Bank Limited Re-Auctions Pledged

The action follows non-payment of principal, interest, penal interest, and additional charges by borrowers, despite earlier written reminders and a 35-day public notice. Subsequent auction attempts were unsuccessful, leading the bank to re-auction these properties on an as is, where is basis.

Sealed bids will be opened on Bhadra 11, 2083, at 3:00 PM at the concerned branch office or Loan Recovery Department in Bagbazar, Kathmandu, with proceeds going toward recovering the outstanding dues of the bank.

Collateral Assets in Gaindakot, Nawalparasi East

• Borrower: Devi Paudel
• Personal Guarantors: Guru Prasad Paudel and Sandip Paudel
• Pledged Asset Details: Land registered under Devi Paudel at the Malpot Office in Kawasoti, Nawalparasi East, located in former Benimanipur VDC Ward No. 7, currently Madhyabindu Municipality Ward No. 10. The asset comprises Plot Nos. 1822 and 1824 with respective areas of 0-1-12.50 and 0-6-19.50, including all associated rights.

Collateral Assets in Itahari, Sunsari

• Borrower: Yakoji Trading, registered under the Company Act, 2063 at Itahari Sub-Metropolitan City Ward No. 5
• Company Directors: Maya Shrestha, Pavitra Neupane Karki, and Rudra Bahadur Karki
• Personal Guarantors: Rajesh Shrestha, Mahesh Neupane, and others

Pledged Assets Offered for Auction:

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House and land registered under Maya Shrestha in former Mahendranagar VDC Ward No. 4 Kha, Sunsari, covering Plot No. 893 with an area of 0-1-15-0.

House and land registered under Rudra Bahadur Karki in Itahari Sub-Metropolitan City Ward No. 3 Kha, Sunsari, covering Plot No. 1078 with an area of 0-4-10-0.

A 2021 model vehicle registered under Kumari Bank as owner and Yakoji Trading as borrower, carrying chassis number MAIRU4TBKM3B82993, engine number TBM4A81557, and registration number Province 01-04-001 Cha 0337.

A 2019 model vehicle registered under Kumari Bank as owner and Yakoji Trading as borrower, carrying chassis number MAIZN2TBKK1L87160, engine number TBK1L92354, and registration number Province 01-04-001 Cha 0062.

Key Auction Terms and Guidelines

• Submission Deadline: Bidders must submit sealed bids by Bhadra 10, 2083, within standard banking hours.
• Form Fee: Bid forms can be obtained from the concerned branch or the Loan Recovery Department in Bagbazar for NPR 500. Envelopes must clearly specify whether the bid is for real estate or vehicle collateral.
• Deposit Requirements: Bidders must quote their offer in figures and words, accompanied by a 10 percent non-interest-bearing security deposit via a deposit voucher at Kumari Bank or a Good for Payment cheque made out to Kumari Bank Limited.
• Opening Schedule: Bids will open on Bhadra 11, 2083, at 3:00 PM in the presence of bidders or their representatives. Absence of a bidder will not halt the opening process. Public holidays will push deadlines to the next working day.
• Payment and Legal Provisions: The successful bidder must deposit the remaining balance within 15 days of notification or forfeit the security deposit. All government registration and transfer fees are borne by the buyer. If no bids are submitted, the bank reserves the right to acquire ownership under the Bank and Financial Institution Act. Unrecovered liabilities after auction will be collected according to prevailing legal procedures.

Key Summary Info

• Bid Opening Date: Bhadra 11, 2083 (Thursday), 3:00 PM
• Location: Kumari Bank Limited, Loan Recovery Department, Bagbazar, Kathmandu
• Contact Phone: 01-5346991

For More: Kumari Bank Limited Re-Auctions Pledged