Machhapuchchhre Bank Invites Sealed Bids for Public Auction of Default Collateral
12th October 2026, Kathmandu
Machhapuchchhre Bank Limited’s New Baneshwor Branch has published a 21-day public notice inviting sealed bids for the auction of pledged movable and immovable assets following persistent loan default.
Machhapuchchhre Bank Sealed Bid
Collateral Auction Terms and Asset Recovery Framework
The commercial bank is executing auction proceedings to recover non-performing credit accounts after borrowers and institutional directors failed to settle accumulated debt liabilities.
- Branch Authority: Machhapuchchhre Bank Limited, New Baneshwor Branch, Kathmandu.
- Asset Categories: Movable and immovable properties pledged as security against defaulted loan facilities.
- Notice Publication Date: October 12, 2026 (Ashoj 26, 2083).
- Prior Legal Compliance: Follows an unfulfilled 35-day public repayment notice previously published in the Aarthik Abhiyan national daily on December 17, 2023.
- Application Submission Deadline: Interested individual and institutional bidders must submit completed sealed-bid forms to the branch within 21 days of notice publication.
- Bid Opening Schedule: Sealed bids will be formally opened on the 22nd day following publication at the designated branch premises.
Regulatory Blacklisting Warning
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Defaulting borrowers, proprietors, partners, and company directors face potential blacklisting with the Credit Information Bureau (CIB) under Nepal Rastra Bank guidelines.
Deficit Recovery Clause
If auction proceeds are insufficient to cover total outstanding dues, the bank reserves the right to pursue further legal recovery against secondary personal and institutional assets under prevailing banking laws.
For More: Machhapuchchhre Bank Sealed Bid
