Kumari Bank Reissues 7-Day Sealed Bid Notice for Auction of Mortgaged Properties

6th July 2026, Kathmandu

Kumari Bank Limited has officially reissued a 7-day public auction notice inviting sealed confidential bids from corporate entities, real estate firms, and individual buyers for the liquidation of diverse mortgaged assets.

KBL Reissues 7-Day Notice

The commercial bank initiated this emergency legal recovery sequence due to the continued non-compliance of defaulted borrowers and financial guarantors who failed to clear their long-overdue financial obligations despite multiple prior corporate warnings and failed previous asset auction attempts.

The public liquidation process is being systematically managed in strict compliance with the core banking provisions, financial recovery statutes, and debt collection frameworks of Nepal. The primary operational objective of this asset liquidation is to secure complete fiscal recovery covering the unpaid principal amounts, accrued interest piles, overdue penalty charges, accumulated legal expenses, and other administrative fees incurred during the recovery cycle.

TENDER TIMELINES AND PROPOSAL SUBMISSION VENUES

The asset management division has designated a compact and non-extendable administrative timeline to receive and evaluate confidential investment bids. All prospective property investors must adhere to the structured timeline guidelines:

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• Official Re-Notice Publication Date: July 6, 2026, which aligns with Ashar 22, 2083 on the localized calendar.
• Procurement Proposal Deadline: Sealed bid submissions must be dropped within exactly 7 days from the initial date of notice publication.
• Bid Evaluation Phase: The confidential envelopes will be unsealed and evaluated by the internal bid board immediately following the expiration of the public filing window.
• Document Collection and Submission Venues: Completed tender packages can be processed at Kumari Bank’s central Loan Recovery Department located at the Head Office in Tangal, Kathmandu, or directly via the respective branch handling the default account.

REGIONAL SEGMENTATION OF REAL ESTATE AND MOVABLE MORTGAGES

The structural portfolio offered for competitive public bidding comprises an expansive variety of agricultural land parcels, commercial manufacturing buildings, corporate office slots, and transportation logistics assets distributed across multiple provinces:

• Ratnanagar Branch, Chitwan: The asset cluster features corporate equity shares and land units formally registered in the names of primary borrowers and historical guarantors. The auction framework additionally spans established residential houses, housing lands in Ratnanagar Municipality, and specific industrial real estate sectors offered as baseline collateral.
• Janakpur Branch, Dhanusha: The real estate block incorporates highly valued commercial properties and suburban residential land plots located within Janakpur Sub-Metropolitan City.
• Ghorahi Branch, Dang: The recovery block features a commercial Mahindra pickup vehicle registered under the borrower’s enterprise name along with miscellaneous movable factory materials held inside the branch custody.
• Patan Branch, Lalitpur: The urban property segment features a fully developed commercial workspace, including dedicated corporate office compartments situated inside the A One Party Palace Private Limited compound.
• Nepalgunj Branch, Banke: The portfolio incorporates multiple agricultural farming fields and commercial land structures owned by default profiles and individual guarantors across the Banke District.

MANDATORY TERMS, TAX RESPONSIBILITIES, AND CORPORATE RIGHTS

The loan recovery department has laid down strict bidding rules to govern the validation of tender submissions. All prospective buyers must forward their financial proposals inside securely sealed envelopes, paired with the mandatory earnest money bank guarantees as specified in the official property bid guidelines.

The executive credit management board reserves an absolute right to accept, restructure, or completely reject any or all submitted bids without being legally bound to communicate any underlying justifications to the participants. Successful high bidders will be issued formal letters of intent and must finalize their remaining capital settlements within the tight timeframe specified by the central registry.

If the public bidding cycle ends without matching the baseline reserve valuation metrics, Kumari Bank Limited will proceed to exercise its secondary legal privileges to directly acquire the assets or dispose of them through separate private negotiations. The bank clarified that all outstanding local government land taxes, ownership transfer fees, registration charges, and structural renewal costs must be borne completely by the winning bidder. Detailed bid handbooks outlining the exact land plot numbers, structural floor areas, and physical boundary measurements are obtainable at the Tangal central recovery office.

For More: KBL Reissues 7-Day Notice