Global IME Bank Invites 15-Day Sealed Bids for Collateral Property Auction

5th November 2026, Kathmandu

Global IME Bank Limited has issued a public notice inviting sealed bids for the auction of mortgaged movable and immovable properties.

Global IME Sealed Bids 

The decision follows the failure of default borrowers and guarantors to settle outstanding financial obligations. The notice was officially published in the Nagarik national daily on Kartik 19, 2083 (November 5, 2026).

Key Details of the Collateral Auction Notice

The auction process aims to recover accumulated loan liabilities through legal procedures specified under financial regulations.

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• Issuing Institution: Global IME Bank Limited.
• Publication Media: Nagarik national daily.
• Notice Publication Date: Kartik 19, 2083 (November 5, 2026).
• Bidding Window: 15 days from the notice publication date.
• Scope of Recovery: Outstanding principal amount, interest, penalty interest, and other applicable administrative charges.
• Legal Basis: Executed under authority provided by the Bank and Financial Institutions Act (BAFIA), 2073, alongside prevailing financial rules.
• Property Condition: Sold on an “as-is” basis regarding physical condition and legal restrictions.

Preceding Notices and Default Background

The bank advanced to public bidding after prior statutory demand timelines elapsed without debt resolution.

• Preceding Recovery Measure: 35-day public repayment notice previously published demanding full clearance of liabilities.
• Reason for Auction: Non-compliance by borrowers and collateral guarantors despite repeated written notices, verbal communications, and formal repayment demand periods.

Legal Contingencies, Blacklisting, and Further Recovery

The official announcement details regulatory measures regarding non-banking asset acquisition, blacklisting, and residual debt recovery.

• Blacklisting Warning: Defaulting borrowers, personal guarantors, and institutional guarantors face blacklisting under directives and regulations issued by Nepal Rastra Bank (NRB).
• Non-Banking Asset Acquisition: If properties remain unsold or bids prove insufficient, the bank reserves the right to acquire ownership of the pledged collateral assets under BAFIA regulations.
• Residual Asset Legal Proceedings: If auction proceeds fail to cover total dues, Global IME Bank reserves authority under applicable law to initiate legal action against other personal and family assets owned by borrowers and guarantors.
• Suspension Provision: Auction procedures will be suspended if borrowers or guarantors clear all outstanding liabilities prior to the scheduled auction date.

Bidding Submission Directives

Interested parties must complete formal procedures to participate in the competitive sealed-bid process.

• Target Bidders: Eligible individuals, corporate entities, firms, and organizations.
• Submission Protocol: Sealed bids must be submitted following the specific terms, conditions, and deadlines detailed in the official published notice.

For More: Global IME Sealed Bids