Global IME Bank Issues 35 Day Loan Default Notice Urging Debt Clearance
8th October 2026, Kathmandu
Global IME Bank Limited has published a formal 35 day public notice instructing default borrowers and guarantors to clear their total outstanding loan liabilities and applicable financial charges.
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Global IME Debt Clearance Notice
Default Circumstances and Legal Context
- Failure of Compliance: The notice issued on October 8 2026 addresses borrowers who have failed to settle principal interest penalties and administrative charges according to agreed credit terms
- Exhaustion of Informal Measures: Global IME Bank initiated the formal 35 day public notice following repeated written and verbal requests that failed to yield loan settlement
- Involved Parties: The public call applies directly to primary borrowers individual guarantors institutional guarantors and collateral security providers
Repayment Requirements and Auction Deadlines
- Settlement Window: Affected parties are instructed to contact Global IME Bank and pay all outstanding principal and interest in full within 35 days from the publication date
- Auction Warning: Failure to clear the outstanding debt within the 35 day deadline will result in the bank proceeding with public auctions or private sales of pledged movable and immovable collateral
- Credit Blacklisting Risk: Non compliant borrowers and guarantors risk formal submission to the Credit Information Bureau CIB blacklist pursuant to directives issued by Nepal Rastra Bank
- Asset Recovery Measures: If collateral liquidation fails to fully cover loan obligations the bank will pursue recovery through other personal assets of borrowers and guarantors under the Bank and Financial Institution Act 2017 and the Debt Recovery Act 2002
For More: Global IME Debt Clearance Notice
