Mahalaxmi Bikas Bank Issues 7 Day Sealed Bid Notice for Property Auction
29th September 2026, Kathmandu
Mahalaxmi Bikas Bank Limited has published a 7-day public notice inviting sealed bids for the auction sale of pledged immovable collateral properties.
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Mahalaxmi Bank Sealed Bid
The decision to initiate auction proceedings was taken after credit facility borrowers and personal guarantors failed to clear their outstanding principal and interest liabilities within prior statutory deadline notices.
Auction Terms, Submission Deadlines, and Procedure
- Bid Submission Deadline: Sealed bids must be submitted by Ashwin 19, 2083 BS (October 5, 2026) within standard office operating hours.
- Bid Opening Schedule: Received bid applications will be opened on Ashwin 20, 2083 BS (October 6, 2026) at 2:00 PM at the respective branch office of Mahalaxmi Bikas Bank.
- Earnest Money Deposit: Bidders are required to enclose a bank draft or proof of account deposit equivalent to at least 10 percent of their offered purchase price as earnest money.
- Bid Application Fee: Bidding forms are available for purchase from designated bank branches at a non-refundable cost of NPR 500 per application.
- Terms of Sale and Legal Rights: Property sales are conducted on an “as is, where is” basis. Highest bidders must clear the remaining 90 percent balance within 7 days of bid approval. The bank retains full authority to accept, reject, or postpone the bidding process without assigning any prior rationale.
For More: Mahalaxmi Bank Sealed Bid
