Everest Bank Invites Sealed Bids for Auction of Mortgaged Properties
31st August 2026, Kathmandu
Everest Bank Limited has published a notice inviting sealed bids for the public auction of movable and immovable assets mortgaged as collateral against defaulted loans.
Everest Bank Sealed Bids Auction
Default Background and Legal Context
Public Notice: The auction notice was published on Bhadra 15, 2083 (August 31, 2026) following non-payment by loan account holders.
Prior Reminders: The decision to auction the assets was taken after borrowers failed to clear outstanding principal, interest, and additional charges despite repeated written notifications and a prior 35-day notice in national daily newspapers.
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Auction Basis and Property Scope
Property Types: The mortgaged collateral up for sale includes land parcels, residential and commercial buildings, physical structures, and vehicles.
Sale Conditions: The properties are being auctioned strictly on an “as is, where is” basis in compliance with prevailing banking regulations and applicable laws.
Participation: Interested individual and institutional bidders are required to submit confidential sealed bids under the terms and conditions prescribed by the bank.
For More: Everest Bank Sealed Bids Auction
