NIC Asia Bank Limited Issues Public Re Notice for the Sealed Bid Auction of Two Luxury Office Vehicles
28th May 2026, Kathmandu
Optimizing corporate asset management often requires large financial institutions to systematically liquidate non-essential or used physical properties through transparent public bidding processes. NIC Asia Bank Limited has officially issued a public re-notice, inviting sealed proposals for the competitive purchase of two premium office vehicles.
NIC Asia Announces Re-Notice
The financial institution has structured this secondary call to ensure open market participation, allowing interested independent buyers, registered trading firms, and corporate entities to acquire high-tier sports utility vehicles. This asset disposal initiative helps the commercial banking enterprise reclaim capital while maintaining a highly streamlined corporate transportation fleet.
Operational Terms of the Auction Under the Standard Disposal Framework
The public sale of these corporate transport assets is structured strictly around standard institutional liquidation rules designed to ensure complete transparency throughout the transaction lifecycle.
The bank has explicitly stated that both premium vehicles will be sold strictly on an as is where is basis. This legal definition means that the financial institution provides no ongoing operational warranties, performance guarantees, or immediate repair commitments post-sale.
The successful bidder will assume absolute ownership and complete responsibility for all subsequent mechanical tune-ups, transport office registration transfers, and local taxation liabilities immediately upon the final approval of their submitted financial bid.
Technical Profile of the Premium Sports Utility Vehicles Offered
The properties offered in this public liquidation represent highly robust models that are heavily utilized for executive transportation and long-distance corporate travel.
The auction includes two distinct luxury automobiles manufactured in the 2018 production cycle. The first unit is a versatile Isuzu Mu-x model, recognized for its durability and strong off-road performance capability.
The second unit is a premium Toyota Fortuner GUN156R, which is highly sought after in the secondary automotive market for its strong resale value, reliable engineering, and premium cabin space. Both corporate vehicles have been systematically maintained during their operational tenure under the administrative custody of the banking firm.
Guidelines for Physical Inspection and Document Acquisition Pathways
To ensure a fair evaluation process, the bank has established a dedicated window for prospective buyers to verify the physical condition of the assets before finalizing their pricing models.
Interested participants can conduct thorough physical examinations of the sports utility vehicles at the Trade Tower parking complex located in Thapathali, Kathmandu. To enter the official bidding queue, applicants must purchase the mandatory, non-refundable Bid Document from the corporate headquarters of the bank in Kamaladi, Kathmandu.
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The administrative document fee is set at NPR 5,000.00, which must be formally deposited into the dedicated internal account number 00983655241001 before the official collection of the bidding sheets.
Strict Compliance Requirements and Financial Security Commitments
Participating in formal commercial bank auctions requires strict adherence to legal paperwork and financial security protocols to ensure the validity of the submitted proposals.
Every sealed tender must be accompanied by an official bid deposit amounting to exactly 10% of the total quoted purchase price. Furthermore, applicants must attach duly notarized corporate or personal identification records to their submission packets.
For commercial enterprises and registered firms, the bank requires the official tax clearance certification covering the fiscal year 2081/82. Individual private buyers must provide clear copies of their national citizenship certificates alongside their verified Permanent Account Number records.
Final Deadline for Proposal Submissions and Selection Timeline
The management team has enforced a strict cutoff date to ensure the timely completion of the asset liquidation process across its administrative divisions.
The absolute deadline for the physical delivery of all sealed bid packets to the General Administration Department is set for the close of standard business hours on June 10, 2026. The bank has emphasized that any proposals received after this definitive time limit will be automatically rejected without evaluation.
Following the secure collection of all eligible documents, the official bid opening session will be conducted internally, and the precise selection date will be shared directly with the participants via verified electronic communication.
Conclusion: Enhancing Capital Allocation Through Transparent Fleet Modernization
The public re-notice issued by NIC Asia Bank Limited highlights a structured and professional approach to corporate asset disposal in the competitive banking sector. By offering these premium sports utility vehicles through an open, sealed-bid process, the financial enterprise ensures optimal capital recovery while giving public buyers a fair chance to acquire high-value assets.
This routine disposal process helps the bank maintain structural cost efficiency and direct resources toward active financial operations. Ultimately, these clear bidding procedures reinforce high standards of administrative accountability and operational transparency across the corporate landscape of the country.
For More: NIC Asia Announces Re-Notice
