Nepal Investment Mega Bank Limited Issues Comprehensive Ninety Day Public Notice to Loan Guarantors

18th May 2026, Kathmandu

Nepal Investment Mega Bank Limited has officially issued a critical 90 day public notification targeted directly at defaulted corporate borrowers and their respective personal loan guarantors. The prominent commercial banking institution took this decisive step following prolonged non compliance from multiple credit clients who have failed to settle their outstanding financial liabilities.

NIMB Issues 90-day Notice

This detailed announcement serves as a final legal warning for individuals who pledged their personal assets and signatures as security, informing them that they must immediately take financial responsibility to clear the accumulated debts or face immediate institutional penalties.

Official Institutional Contact Channels for Account Regularization

To facilitate immediate repayment and offer a direct line for loan restructuring inquiries, the central credit recovery division has provided its verified contact protocols. The bank head office is centrally situated in the Durbar Marg commercial district of Kathmandu, Nepal, operating under Post Box Number 3412. Concerned account holders and financial backers can connect with the recovery team via telephone at +977-1-5328229 or 5342530. Alternatively, electronic correspondence regarding payment schedules can be directed to [email protected], or users can review official banking policies by browsing the corporate portal at www.nimb.com.np.

Background of the Credit Default and Insufficient Collateral Enforcement

The targeted corporate enterprises and individual borrowers had previously acquired various credit products and cash credit lines under distinct commercial loan categories. During the initial financial onboarding phase, the designated guarantors executed formal personal guarantee deeds, legally binding themselves to the debt structure. Despite receiving continuous verbal reminders, official written warnings, and an initial 35 day public notice, the borrowers exhibited deep negligence and avoided their repayment commitments. The bank previously attempted to recover the outstanding balance by executing a forced auction of the primary physical collateral, but the liquidation yield proved completely insufficient to wipe out the total debt.

Understanding the Direct Financial Liabilities of Personal Guarantors

Because the primary business owners have failed to fulfill their contractual obligations, the remaining financial liabilities must now be transferred directly onto the personal guarantors. Under the strict terms governing commercial loan contracts, promissory notes, and initial approval letters, guarantors hold equal accountability for the credit line. This means that all outstanding principal amounts, regular interest rates, mounting penalty fees, and extra administrative recovery charges can be legally extracted from the personal incomes, bank accounts, and private properties of the guarantors if the primary corporate entity defaults.

Regulatory Framework Mandated by Nepal Rastra Bank Unified Directives

The issuance of this 90 day warning framework aligns with the consumer protection and credit recovery rules established under the Unified Directive of Nepal Rastra Bank. The central bank guidelines for licensed class A, B, and C financial institutions lay down a strict step by step procedure for blacklisting individual guarantors:

• The commercial bank must first attempt to recover the debt by auctioning the primary mortgaged property.
• If the auction recovery is insufficient, the bank cannot immediately blacklist the guarantors.
• The institution must extend a formal 90 day grace period for the guarantors to arrange payment.
• If individual notice delivery fails, the warning must be published in a national public newspaper.
• This public announcement officially starts that 90 day timeline, ensuring full compliance with the law.
• Severe Long Term Consequences of Ignoring the Repayment Window

If the listed guarantors fail to settle the outstanding loan balances within the designated 90 day window, Nepal Investment Mega Bank Limited will immediately activate harsh legal and financial countermeasures. The primary penalty involves sending their names to the Credit Information Company Limited for inclusion in the national financial blacklist, an action that completely freezes their ability to acquire future loans or credit cards anywhere in Nepal. Furthermore, the bank will file formal asset recovery claims before the Debt Recovery Tribunal, allowing law enforcement to seize and auction the personal movable and immovable assets of both borrowers and guarantors under the Bank and Financial Institutions Act, 2073.

Comprehensive List of Defaulted Enterprises, Branches, and Guarantors

The official public notice details several separate corporate entities and business accounts spread across different urban branch networks that have fallen into deep default:

Masterpiece Enterprises Private Limited Under New Road Branch

This corporate account involves multiple default files managed under the New Road Branch. The personal guarantors who are facing immediate blacklisting for this specific enterprise include Jagrut Dahal, Ishwari Prasad Dahal, Nirmala Dahal, and Vishal Kumar Baitha.

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SS Glass and UPVC Suppliers Under Thaiba Branch

Managed through the Thaib Branch network, this account names Umar Khayyam Ansari and Sama Siddiqi as the primary operators. The registered personal guarantors obligated to clear this commercial debt include Umar Khayyam Ansari, Sama Siddiki, and Aman Ansari.

Om Daunne Deurali Suppliers Private Limited Under Thaiba Branch

Another significant default monitored by the Thaiba Branch involves this supply enterprise. The extensive list of personal guarantors called upon to settle the corporate balance features Buddhisara Darji, Tirtharaj Ghimire, Parbati Darji, Ravilal Darji, and Nanda Sharma.

Capital Trade Link and GBS Enterprises Private Limited Under New Road Branch

The New Road Branch is tracking two interconnected business entities that have experienced complete credit failure. Capital Trade Link and GBS Enterprises Private Limited share an identical group of personal guarantors who are now facing the 90 day deadline, specifically Vandana Jha and Gagan Dev Jha.

Narayani Auto Business Private Limited Under New Road Branch

The final major corporate account listed in the enforcement file is an automotive trading firm operated under the New Road Branch system. The designated personal guarantors bound to this outstanding credit file are identified as Anup Kumar Baral and Nilam Baral.

Final Legal Standing and Advisory From the Head Office Management

Nepal Investment Mega Bank Limited has made it explicitly clear that once this public notice is published, no borrower or guarantor can claim a lack of personal awareness regarding their debt status during future court trials. The bank urges all named parties to visit their respective branch counters at New Road or Thaib before the 90 day period expires to regularize their balances. Failure to respond to this final notice will result in the immediate start of blacklisting protocols and aggressive legal asset recovery proceedings as per prevailing national banking regulations.

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