Kumari Bank Limited has announced a 7-day notice for the auction of properties used as collateral by borrowers Gyanendra Bahadur Bahek Chhetri and Guru Nanak Enterprises. The bank is proceeding with this auction because the borrowers failed to settle their outstanding loan amounts despite multiple notices. The properties include various plots of land located in Kanchanpur and Lalitpur districts.
Prospective bidders are required to submit their sealed bids to the bank’s Loan Recovery Department in Bagbazar, Kathmandu, by Falgun 11, 2082. A 10 percent deposit of the total bid amount must be submitted along with the application form, which costs Rs 500. The sealed bids will be opened on Falgun 12, 2082, at 3:00 PM in the presence of the bidders or their representatives.
Company Info
