Everest Bank Invites 15-Day Sealed Bids for Collateral Property Auction

6th November 2026, Kathmandu

Everest Bank Limited has published a public notice inviting confidential sealed bids for the auction and sale of various mortgaged immovable properties.

Everest Bank Sealed Bids

The auction process was initiated following the failure of non-performing borrowers to settle their outstanding loan obligations. The official notice was published on November 6, 2026 (Mangsir 20, 2083 BS).

Key Details of the Collateral Property Auction

The fresh auction procedure is being conducted across multiple branch offices under governing financial recovery laws.

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• Issuing Institution: Everest Bank Limited.
• Notice Publication Date: November 6, 2026 (Mangsir 20, 2083 BS).
• Bidding Window: 15-day public notice period applicable across respective auction rounds (first, second, or third round as designated per borrower file).
• Property Scope: Various mortgaged immovable properties registered as collateral under default loan accounts.
• Legal Basis: Executed in accordance with the Bank and Financial Institutions Act (BAFIA), 2017, prevailing regulatory frameworks, and internal bank recovery rules.
• Sale Basis: Properties auctioned on an “as-is, where-is” basis regarding location, existing physical condition, and legal status.

Preceding Default Timeline and Recovery Background

The bank initiated this competitive sealed-bid process following the expiration of prior statutory notices and demand periods.

• Initial Legal Action: Previous publication of statutory 35-day public repayment notices in national daily newspapers demanding full clearance of liabilities.
• Reason for Re-Auction: Borrowers failed to settle outstanding principal, interest, penalty interest, and operational charges despite repeated verbal reminders, written notices, and previous public auction announcements.

Bidding Submission Guidelines and Instructions

Eligible participants interested in purchasing the mortgaged real estate assets must follow official submission terms.

• Target Bidders: Interested individuals, corporate entities, firms, and eligible organizations.
• Submission Requirements: Sealed bids must be submitted in compliance with the eligibility requirements, application guidelines, deposit terms, and deadline constraints specified in the bank’s official published notice.
• Verification: Bidders are advised to review the official corporate notice for complete property listings, site details, and documentation requirements.

For More: Everest Bank Sealed Bids