Shangrila Development Bank Issues Sealed Bid Notice for Auction of Pledged Collateral Properties

4th October 2026, Kathmandu

Shangrila Development Bank Limited has officially published a public notice inviting sealed bids for the auction and sale of various movable and immovable properties pledged as collateral by defaulting borrowers.

Shangrila Bank Sealed Bid Notice

The auction process was initiated after borrowers, collateral owners, and personal guarantors repeatedly failed to clear their outstanding loan liabilities despite previous written, verbal, and formal public notifications.

Published in the Nepal Samacharpatra National Daily on October 4, 2026 (Ashoj 18, 2083), the notice marks a formal legal step under the prevailing banking regulations of Nepal to recover non-performing assets.

Key Auction Timeline and Submission Deadlines

Interested individual bidders, firms, and institutional investors must adhere strictly to the schedule outlined by the bank for bid submission and evaluation.

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• Notice Publication Date: October 4, 2026 (Ashoj 18, 2083)
• Bid Submission Deadline: Ashoj 24, 2083 (October 10, 2026) within standard banking office hours
• Bid Opening Date and Time: 11:00 AM on the immediate following working day after the submission deadline
• Bid Opening Location: Designated branch offices of Shangrila Development Bank where the loan accounts are registered

Bidders or their legally authorized representatives are invited to attend the bid opening session. However, the bank specified that the absence of bidders or their representatives will not halt or delay the opening of sealed proposals.

Terms of Sale and Asset Valuation

The auction of all listed movable and immovable collateral assets will proceed under standardized commercial terms established by Nepalese financial laws.

• As Is Where Is Basis: Properties will be sold exactly in their current legal, physical, and structural condition.
• Ownership Transfer: Legal transfer of land, buildings, or movable assets to the winning bidder will be facilitated through the appropriate government authorities following full payment and regulatory compliance.
• Alternative Disposal Protocols: If the properties fail to sell through the competitive sealed bid process, Shangrila Development Bank retains the legal right to acquire the assets directly or employ other statutory methods for debt recovery.

Legal Warning and Consequences for Defaulting Borrowers

The published notice serves as a final opportunity for primary borrowers and guarantors to settle all outstanding principal balances, accrued interest, penalties, and associated legal charges before forced liquidation.

• Blacklisting Directives: Failure to clear total outstanding liabilities within the given timeline will result in the borrowers and guarantors being listed on the Credit Information Bureau (CIB) blacklist in accordance with Nepal Rastra Bank directives.
• Personal Liability and Asset Attachment: If the total proceeds generated from the collateral auction fall short of covering the complete outstanding dues, Shangrila Development Bank reserves the right to initiate legal action to seize and liquidate other personal movable and immovable assets belonging to the borrowers and guarantors.

For More: Shangrila Bank Sealed Bid Notice