Machhapuchchhre Bank Limited Issues Notice for 21 Day Sealed Bid Auction of Mortgaged Properties
25th August 2026, Kathmandu
Machhapuchchhre Bank Limited has announced a 21 day sealed bid auction of movable and immovable properties pledged as collateral against loans at its Surkhet and Butwal branches.
Machhapuchchhre Bank Sealed Bid Auction
Auction Purpose and Legal Basis
Reason for Action: The borrowers and guarantors failed to settle principal interest penal interest and other charges despite multiple written and public notices.
Regulatory Framework: The recovery process has been initiated under the Bank and Financial Institution Act 2073 BS and prevailing legal provisions.
Publication Date: The auction notice was officially published on August 25 2026 Bhadra 9 2083 BS.
Collateral Details and Condition
Surkhet Branch Collateral: Includes land and building assets located in Kavrepalanchok district pledged for business and personal loans.
Butwal Branch Collateral: Involves properties and assets pledged by business enterprises registered in Rupandehi district along with respective guarantors.
Asset State: Properties are being auctioned on an as is where is basis. Bidders are advised to inspect the physical condition and legal status of the assets prior to submitting bids.
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Submission Deadlines and Bid Opening Schedule
Submission Deadline: Sealed bids must be submitted by September 14 2026 Bhadra 29 2083 BS during regular office hours.
Submission Locations: Bids for Surkhet branch assets can be submitted at the Central Office in Lazimpat Kathmandu. Bids for Butwal branch assets must be submitted at the Butwal Branch Office.
Bid Opening: Submissions will be opened on September 15 2026 Bhadra 30 2083 BS at 230 PM. The absence of bidders borrowers or guarantors will not halt the opening proceedings.
Key Terms and Conditions for Participation
Application Requirements: Bidders must use the prescribed form specify the offered price in figures and words and provide the required bid security deposit.
Security Deposit Terms: Deposit amounts bear no interest and will be refunded to unsuccessful applicants under standard procedures.
Payment Deadline: The winning bidder must clear the full accepted amount within the bank designated timeline. Failure to pay may result in forfeiture of the bid deposit.
Transfer Costs and Taxes: All government taxes ownership transfer fees registration charges and associated costs must be borne by the successful bidder.
Liability Disclaimer: The bank assumes no responsibility for external disputes regarding property boundaries title claims or access rights. The bank retains full authority to modify accept or cancel the auction process in compliance with applicable laws.
For More: Machhapuchchhre Bank Sealed Bid Auction
