Kumari Bank 7-Day Re-Auction Notice Issued for Mortgaged Properties
6th October 2026, Kathmandu
Kumari Bank Limited has officially published a confidential seven-day sealed-bid re-auction notice for the resale of mortgaged properties pledged by defaulting borrowers.
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Kumari Bank 7-Day Re-Auction
The re-auction process was initiated after the concerned borrowers failed to settle their outstanding financial liabilities despite prior notices, and previous auction attempts yielded no successful sale.
Notice Summary and Key Timelines
- Notice Publication Date: Ashoj 20, 2083
- Auction Date: Ashoj 27, 2083 (Tuesday), falling on the eighth day from notice publication
- Issuing Institution: Kumari Bank Limited
- Managing Locations: Concerned branch offices or the Loan Recovery Department, Bagbazar, Kathmandu
Background and Legal Context
- Default Background: The borrowers failed to clear outstanding principal balances, accrued interest, penal charges, and administrative expenses despite receiving formal written and verbal notifications.
- Previous Recovery Efforts: Prior to this notice, the bank issued a 35-day public repayment notice and conducted initial auction attempts, both of which failed to settle the outstanding dues.
- Sale Condition: All pledged movable and immovable properties, along with associated rights and assets, will be sold on an as-is-where-is basis through confidential sealed bids to recover the bank’s total outstanding dues.
Bidding Submission Guidelines
- Eligible Bidders: Interested individuals, corporate entities, and legal firms
- Submission Method: Confidential sealed bids submitted in accordance with the bank’s prescribed rules and procedures
- Submission Venues: Concerned branch offices of Kumari Bank or the Loan Recovery Department in Bagbazar, Kathmandu
For More: Kumari Bank 7-Day Re-Auction
