Lumbini Bikas Bank Issues 35-Day Urgent Notice for Loan Repayment and Auction Proceedings
30th October 2026, Kathmandu
Lumbini Bikas Bank Limited has issued a 35-day urgent public notice regarding loan repayment and potential property auction proceedings for multiple defaulting borrowers who have failed to clear their outstanding dues and accrued interest.
Lumbini Bank Urgent Notice
Notice Details and Repayment Deadline
The bank has invoked legal provisions to initiate loan recovery procedures, warning that mortgaged assets will be auctioned if dues remain unsettled.
- Issuance Date of Notice: Published on Kartik 13, 2083 (October 30, 2026).
- Repayment Deadline: Within 35 days from the date of publication.
- Central Office: Lumbini Bikas Bank Limited, Central Office, Sunrise Bizpark, Dillibazar, Kathmandu (Phone: 01-4323332, 4323334, 4323336).
Summary of Defaulting Borrowers and Mortgaged Properties
The notice lists numerous borrowers across various branch offices whose loan accounts have fallen into default, covering properties in multiple districts:
Bhairahawa Branch
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- Borrowers & Guarantors: Ganesh Prasad Yadav, Bhanumati Harijan, Shanti Devi Yadav, and others.
- Mortgaged Properties: Multiple land parcels and residential structures located in Bhairahawa and surrounding areas.
Maligram Branch
- Borrowers & Guarantors: Kamal Maiti Thapa, Anita Yadav, Rajbhai Ahir, and others.
- Mortgaged Properties: Land and building assets registered under respective borrower and guarantor names.
Narayangarh Branch
- Borrowers & Guarantors: Kulgun Bahadur Chhetri, Madan Thapa, Laxmi Kumari Shrestha, and others.
- Mortgaged Properties: Residential land plots and buildings situated in Narayangarh, Chitwan.
Parsa / Gadahawa / Pokhara / Pokhara Branch Network
- Borrowers & Guarantors: Bishnu Thapa, Kamala Balami, Ram Bahadur Thapa, Shreeram Paudel, and others.
- Mortgaged Properties: Various landholdings and commercial properties pledged across regional branch jurisdictions.
Legal Action and Auction Terms
- Default Action: If the outstanding principal, interest, and incidental expenses are not cleared within the 35-day window, the bank will auction the mortgaged properties in accordance with banking regulations and statutory laws.
- Deficiency Recovery: If auction proceeds are insufficient to cover total dues, the remaining balance will be legally recovered from the personal assets and properties of the borrowers and guarantors.
For More: Lumbini Bank Urgent Notice
