Nabil Bank Limited Issues Notice for Collateral Auction at Parsa Bazar Branch Chitwan
25th August 2026, Kathmandu
Nabil Bank Limited has invited sealed bids for the auction sale of mortgaged land and property pledged as collateral at its Parsa Bazar Branch in Chitwan.
Nabil Bank Collateral Auction Notice
Auction Reason and Notice Details
Reason for Action: The borrowers and guarantors failed to clear outstanding loan balances and interest despite multiple notices and the expiration of the repayment deadline.
Legal Framework: The collateral auction process has been initiated in accordance with prevailing banking and financial regulations.
Notice Period: A 15 day public notice has been published inviting sealed bids from interested individuals firms companies and organizations.
Bid Submission Timelines and Locations
,Submission Deadline: Sealed bid forms along with required documentation must be submitted by 5:00 PM on August 8 2026 Bhadra 23 2083 BS.
Collection and Submission Locations: Forms can be submitted at the Nabil Bank Central Office Loan Recovery Department in Bijulibazar Kathmandu or the Parsa Bazar Branch in Chitwan.
Bid Opening Schedule: Received sealed bids will be opened at 4:00 PM on August 9 2026 Bhadra 24 2083 BS at the Parsa Bazar Branch in Chitwan in the presence of bank representatives and relevant authorities. Absence of bidders or representatives will not stall the opening process.
Property Location Details
Property Description: Land and associated structures pledged by the borrower or guarantor.
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Location Jurisdiction: Located within the former Chainpur VDC area of Chitwan currently under the administration of Khairehani Municipality.
Key Bid Terms and Conditions
Submission Requirements: Bidders must state their offered purchase price and attach the mandatory bid deposit in the prescribed format.
Bank Authority: The bank reserves full discretion to accept or reject bids for the entire property or a portion of it.
Payment Deadline: Successful bidders must pay the full accepted bid amount within the timeline set by the bank. Failure to deposit the complete amount may lead to forfeiture of the bid deposit.
Expenses and Taxes: Ownership transfer costs including government taxes registration fees and ancillary charges must be covered by the successful bidder.
Cancellation Provision: The bank reserves the right to suspend or cancel the auction if directed by a court or legal authority. Returned security deposits in such cases will bear no interest.
Special Provisions: The bank may execute the auction via a Swiss Challenge Auction Model based on its internal guidelines.
For More: Nabil Bank Collateral Auction Notice
