Nabil Bank Narayangadh Branch Invites 15-Day Sealed Bids for Collateral Property Auction

5th November 2026, Kathmandu

Nabil Bank Limited, Narayangadh Branch, Chitwan, has issued a public notice inviting sealed bids for the auction of pledged movable and immovable properties.

Nabil Bank Narayangadh Branch

The auction process has been initiated to recover outstanding loan principal, interest, and operational dues from non-performing borrowers and guarantors who failed to meet their financial obligations.

Key Details of the Sealed-Bid Auction

The auction procedure is being conducted under strict regulatory frameworks governing recovery for financial institutions.

• Issuing Authority: Nabil Bank Limited, Narayangadh Branch, Chitwan.
• Notice Publication Date: Kartik 19, 2083 (November 5, 2026).
• Bidding Window: 15 days from the date of public notice publication.
• Legal Basis: Bank and Financial Institutions Act (BAFIA), 2073, relevant prevailing laws, and internal bank recovery regulations.
• Property Condition: Assets sold on an “as-is, where-is” basis regarding existing physical condition and legal quantity.

Preceding Regulatory and Recovery Timeline

The bank initiated public bidding following the expiration of prior legal warnings and repayment demands.

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• Initial Repayment Demand Notice: 35-day public notice published in the Abhiyan Daily on Jestha 14, 2082.
• Failure of Settlement: Borrowers and collateral guarantors failed to clear outstanding liabilities despite multiple verbal reminders, written notices, and statutory demand periods.

Submission Guidelines and Application Requirements

Eligible entities seeking to participate in the property bidding process must adhere to formal submission channels.

• Eligible Bidders: Individuals, firms, corporate entities, and registered organizations.

Application Submission Locations:

• Central Office, Loan Recovery Department, Bijulibazar, Kathmandu.
• Narayangadh Branch Office, Chitwan.

Deadline: Within official working hours prior to the expiry of the 15-day notice period under prescribed bank terms and conditions.

Provisions for Loan Settlement, Takeover, and Asset Recovery

The notice details contingencies regarding property takeover and full debt recovery.

• Suspension Clause: The auction process will be halted if borrowers or guarantors appear before the bank and fully settle all outstanding liabilities prior to the auction date.
• Non-Banking Asset Takeover Right: If no valid bids are received or properties remain unsold, Nabil Bank reserves the right to take over ownership of the collateral assets in accordance with BAFIA, 2073.
• Residual Asset Recovery Warning: If auction proceeds fall short of covering the total outstanding debt, the bank reserves legal rights to attach and auction other personal movable and immovable assets owned by the borrowers and guarantors to clear the remaining balance.

For more: Nabil Bank Narayangadh Branch