Himalayan Bank Limited Announces Sealed Bid Auction for Pledged Properties to Recover Outstanding Dues

16th June 2026, Kathmandu

Himalayan Bank Limited has published a 15-day public notice details regarding the competitive liquidation of pledged movable and immovable collateral assets.

Himalayan Bank Issues Notice

The recovery campaign emphasizes that the institutional execution of this tender aligns with the strict legal authority vested in domestic commercial entities facing persistent borrower defaults. Bank officials confirmed that the multi regional liquidation framework targets diverse asset profiles after prior correspondence, written warnings, and published warning notices failed to generate the required credit settlements from the involved defaulting parties.

Financial Elements Included in the Total Outstanding Recovery Target

The comprehensive recovery claim encompasses all accumulated financial liabilities registered against the credit accounts up to the formal liquidation cutoff.

• Unpaid Principal Balance: The base borrowed capital amount remaining completely unliquidated on the ledger.
• Accumulated Regular Interest: The standard financing cost calculated over the duration of the non performing status.
• Penal Interest Penalties: Extra percentage charges applied directly due to the breach of agreed payment schedules.
• Administrative Fees and Charges: Legal costs, publication expenses, and specific technical evaluation processing fees incurred during recovery.

Administrative Conditions Governing the Sealed Bid Tender Process

To guarantee an impartial, completely confidential bidding ecosystem, the management team enforces strict procedural conditions for all participating institutional and private buyers.

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• Qualified Bidder Access: Open to all interested individual citizens, registered business firms, private corporate bodies, and public institutions.
• Submission Format Rule: Tender documents must arrive enclosed inside secure envelopes structured according to the specific application layout given by the bank.
• Strict Timing Cutoff: Applications require formal registration within fifteen days starting from the official date of newspaper publication.
• Absolute Banking Authority: The organizational board retains full administrative discretion to approve, adjust, or completely discard any incoming bid without providing operational justifications.
• Unconditional Opening Execution: The evaluation panel opens the secure tender packages as per the timeline regardless of whether the target borrowers or individual bidders attend the branch session.

Geographical Distribution of Involved Branches and Target Businesses

The structural scope of this asset recovery action spans multiple economic sectors and territorial branch networks throughout the country.

• Sunbarsi Branch Hub: Morang District regional asset portfolios.
• Dhangadhimai Branch Network: Siraha District local enterprise defaults.
• New Road Nepalgunj Portal: Banke District commercial credit accounts.
• Nijgadh Operations Base: Bara District industrial properties.
• Birtamod Branch Center: Jhapa District agricultural and trading entities.
• Sukedhara Branch Gateway: Kathmandu District urban residential real estate.
• Pokhara Branch Office: Kaski District hospitality and services portfolios.
• Target Enterprise Classifications: Includes operating agricultural firms, local hotels, hardware enterprises, private academic schools, and individual personal guarantors.

Specific Classifications of Pledged Collateral Assets Offered for Sale

The registered legal collateral portfolio features a highly diversified mix of regional properties and enterprise assets available for corporate acquisition.

• Residential Real Estate: Private housing plots, family compounds, and vacant suburban land segments.
• Agricultural Land Holdings: Cultivable rural land plots situated across peripheral production districts.
• Commercial Infrastructure: Developed business premises, trading offices, and metropolitan retail spaces.
• Industrial Facilities: Manufacturing structures, processing yards, and corporate factory complexes.
• Registered Corporate Entities: Active business setups officially filed under domestic cottage and small industry bureaus.
• Multi District Asset Coverage: Pledged lands scattered across Morang, Siraha, Banke, Jhapa, Bara, Kaski, Kathmandu, and Bhaktapur.

Regulatory Framework and Secondary Recovery Measures

The legal enforcement framework relies heavily on established fiscal legislation designed to clean up institutional balance sheets across the banking sector.

• Banking and Financial Institutions Act 2073: Provides the foundational statutory authority for asset seizure without requiring a prior court order.
• Loan Recovery Act 2058: Governs the specific administrative mechanisms used for executing public tenders and distributing collected proceeds.
• Non Banking Asset Acquisition Path: If incoming tender offers fall below the reserve limits, the bank reserves the option to directly register the land titles onto its own balance sheet as Non Banking Assets.
• Residual Personal Liability Rule: Senders, primary borrowers, and third party legal guarantors remain fully liable for any residual financial balance if the asset sale fails to cover the entire debt.
• Continuous Legal Prosecution: The credit department maintains active debt collection lawsuits against the individuals even if they choose to boycott the asset liquidation procedures.

Definitive Timeline and Access Points for Tender Submission

Bidders must align their submissions with the official calendar details to prevent immediate administrative disqualification at the branch portal.

• Final Bid Submission Date: Within official working hours on the 3rd of Ashadh, 2083 BS.
• Formal Package Opening Session: Scheduled precisely at 2 o’clock in the afternoon on the 6th of Ashadh, 2083 BS.
• Tender Delivery Access Locations: Accepted physically at any operating branch location belonging to the network.
• Central Opening Venue: Conducted inside the respective branch locations or at the primary corporate head office situated in Kamaladi, Kathmandu.
• Direct Correspondence Pipeline: Managed by the Loan Recovery Department, Head Office, Kamaladi, Kathmandu, Post Office Box Number 20550, Phone 01-4168150

For More: Himalayan Bank Issues Notice