Nabil Bank Issues 7 Day Auction Notice for Collateral Assets in Siraha

7th October 2026, Kathmandu

Nabil Bank Limited has published a seven-day public notice inviting sealed bids for the auction sale of movable and immovable properties mortgaged as collateral by defaulting borrowers through its Siraha Bazaar Branch in Siraha district.

Nabil Bank 7-Day Auction Notice

The auction process has been initiated to recover unpaid principal, interest, and related bank charges.

Notice Specifications and Procedural History

• Notice Publication Date: Ashwin 21, 2083 (October 7, 2026)
• Previous Repayment Notice: A 35-day public notice demanding loan repayment was previously published in Arthik Dainik on Shrawan 6, 2081, but the liabilities remained unsettled despite repeated oral and written reminders.
• Statutory Provisions: The auction is conducted under prevailing banking laws, including the Banks and Financial Institutions Act (BAFIA), 2073.
• Managing Locations: Bids can be submitted to Nabil Bank’s Central Office (Credit Recovery Department, Bijuli Bazar, Kathmandu) or the Siraha Bazaar Branch, Siraha.

Bidding Framework and Key Conditions

Eligible Applicants: Interested individuals, private firms, companies, and corporate entities

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• Application Deadline: Within seven days from the publication date during regular office hours (or the next working day if the deadline falls on a public holiday)
• Right to Settle Dues: Borrowers and guarantors may halt the auction process by presenting themselves at the bank prior to the auction date and settling all outstanding loan obligations in full.
• Property Acquisition Clause: If no valid bids are received or if the auction process fails to sell the properties, Nabil Bank reserves the right to directly acquire the collateral assets in accordance with BAFIA 2073 provisions.

Dues Recovery Beyond Collateral

Should the proceeds from the auction fall short of covering the total outstanding debt, the remaining balance will be recovered from other movable and immovable assets of the borrowers and guarantors pursuant to the Debt Recovery Act, 2058 and associated legal regulations.

For More: Nabil Bank 7-Day Auction Notice