Agricultural Development Bank Issues Second Auction Notice for Mortgaged Properties
22nd September 2026, Kathmandu
Agricultural Development Bank Limited has issued a second public notice regarding the auction sale of movable and immovable collateral properties after the borrower failed to clear outstanding loan liabilities.
ADBL Second Auction Notice
The auction process will be conducted by the bank’s Satdobato Branch and Bagmati Province Office.
Auction Event and Location Details
The bank has set specific dates and venues for the public bidding process.
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- Notice Publication Date: Ashoj 6, 2083
- Auction Date: Ashoj 21, 2083
- Auction Location: Agricultural Development Bank Limited, Bagmati Province Office, Gaushala, Kathmandu
- Concerned Branch: Agricultural Development Bank Limited, Branch Office Satdobato
Borrower and Property Particulars
The auction targets properties pledged against defaulted credit facilities.
- Borrower Name: Devi Raman Construction Company Private Limited, registered at the Office of the Company Registrar, Tripureshwor, Kathmandu
- Operator Name: Surendra Raj Rijal
- Mortgaged Properties: Immovable land plots and residential structures located in Lalitpur district registered under the names of Surendra Raj Rijal and Riti Baral (Plot Numbers 415, 513, 940, 81, and 82)
Auction Terms and Bidding Conditions
Interested bidders must adhere to strict procedural rules established by the bank.
- Earnest Deposit Requirement: Bidders must deposit at least 10 percent of their proposed bid amount as an earnest money deposit on the day of the auction.
- Payment Timeline: The successful bidder must settle the remaining balance amount within 7 days of bid approval.
- Minimum Participant Rule: Bidding will proceed even if fewer than three individuals or institutions participate in the process.
- Bank Takeover Option: If the property fails to sell through public auction, the bank retains the right to acquire and take ownership of the collateral directly.
For More: ADBL Second Auction Notice
