COMMERCIAL BANK Prime Commercial Bank Limited

Head Office: Kamalpokhri, Kathmandu, Phone No.: 01-4523432/34/36

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Notice inviting confidential sealed bids

for the sale of non-banking assets

(Published on 16/04/2082)

The non-banking assets (houses/land) mentioned in the schedule owned by this bank will be sold as is, in the same condition as they are, through confidential sealed bids. Interested individuals, firms and companies are hereby invited to submit their sealed bids to the concerned office within 7 (seven) days from the date of publication of this notice, stating the price they are willing to pay, using the bid form available at the Debt Recovery Department of this bank, located at its central office, Kamalpokhari, Kathmandu.

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Details

Details of non-banking assets

Bid application registration and opening office: Central Office Kamalpokhari, Kathmandu

1. The house and land with an area of 175.00 (sq m) in Plot No. 53, formerly Chapali Bhadrakali Village Council/NPC Ward No. 2, Kathmandu District, registered in the name of Prime Commercial Bank Limited in the records of Land Revenue Office, Chabahil, Kathmandu, and all the adjoining land covered by the house and land.

2. The house/land with area 0-8-2-0 (Ropani) in Plot No. 507, Ward No. 5 (Sith No. 5/C), Dharmasthali VDC/NPA, Kathmandu District, registered in the name of Prime Commercial Bank Limited in the records of Land Revenue Office, Manmaiju, Kathmandu, and the entire adjoining land covered by the house/land.

3. House/land with an area of 129.81 (sq m) in Plot No. 33, Ward No. 16, Kathmandu District, Kathmandu, registered in the name of Prime Commercial Bank Limited in the records of Land Reforms and Land Revenue Office, Dillibazaar, Kathmandu, and all the adjoining land adjoining the house/land.

Terms of sale of non-banking assets:

1. Bid application forms can be obtained from the Debt Recovery Department at the central office of this bank, Kamalpokhari, Kathmandu, from Friday, 2082/04/16.

2. Separate applications can also be submitted for separate non-banking assets.

3. The bidder must attach an original voucher of at least 10 (ten) percent of the total amount he intends to purchase as a deposit along with the bid application form, showing cash deposited in the Inter Department A/C LRD (001-2231020000) account of this bank or an A/C Payee Cheque of a bank or financial institution drawn in the name of this bank.

4. The bidder must be a Nepali citizen or a registered organization, firm or company in Nepal. In addition, if the bidder is a natural person, a passport size photograph, a copy of the citizenship certificate, if a corporate organization/company/firm, a power of attorney, a decision of the board of directors, a copy of the registration certificate, and a copy of the Permanent Account Number (PAN) certificate must be submitted with the application.

5. The sealed bid must be registered with the Debt Recovery Department, Central Office of this bank, Kamalpokhari, Kathmandu, by Thursday, 2082/04/22, office hours. Action will not be taken against applications that have expired or are not in accordance with the procedure or are submitted with conditions.

6. The sealed bids will be opened on Friday, 23/04/2082 at 1:00 PM at the Debt Recovery Department of this bank's central office, Kamalpokhari, Kathmandu, in the presence of the bidder or his representatives and other officials appointed in writing by him. The absence of the bidder or his representatives will not be an obstacle to the opening of the bids. Also, if the day of opening the bids falls on an emergency public holiday, the bids will be opened on the day the office is open immediately after the holiday.

7. If the bid is accepted, the remaining amount will have to be deposited in cash at this bank within 7 (seven) days from the date of notification of acceptance of the bid and the non-banking property will be transferred to your name. All fees and all revenue and other expenses incurred in transferring the property will have to be borne by the bidder.

8. If the remaining amount is not deposited or cannot be deposited within the specified time, the deposit amount will be automatically forfeited. If the bid is not accepted, the proposers will be paid only after the decision regarding the bid is made from the central office of this bank, Kamalpokhari, Kathmandu. Also, no interest will be paid on that amount.

9. The Bank reserves the right to sell or not to sell the non-banking assets or to sell the assets in lots or to sell them separately. Other conditions mentioned in the bid form shall apply.

10. If you need to understand anything else in this regard, you can contact the Debt Recovery Department at the bank's central office, Kamalpokhari, Kathmandu.

Source: Karobaar