Rastriya Banijya Bank has announced the auction of over 61,000 square meters of land in Parsa owned by industrialist Roop Jyoti after NGM Engineering and Sales Pvt. Ltd. failed to repay its loans.
Rastriya Banijya Bank Decides to Auction Land
Rastriya Banijya Bank is going to sell more than 61,000 square meters of land located in Parsa. This land belongs to the well-known industrialist Roop Jyoti. The bank took this step because the borrower did not pay back the loan on time. Now, the bank has published a notice asking for sealed bids to buy this property, which was kept as collateral by NGM Engineering and Sales Pvt. Ltd.
The bank have requested the borrower and all the guarantors to clear all the remaining principal amount, interest, and other charges within 35 days. If they do this, they can release their land. Otherwise, the bank will move forward with the auction process.
Details of the Loan and Guarantors
According to the bank, NGM Engineering and Sales Pvt. Ltd. took three types of loans. These loans were Working Capital Loan, Bridge Gap Loan 1, and Bridge Gap Loan 3. For these loans, Dr. Roop Jyoti, Abhik Jyoti, Suruchi Jyoti, and Upasthan and Company Pvt. Ltd. stood as personal and institutional guarantors.
Since the loan was not cleared, the bank is now auctioning the collateral. The land is registered at the Land Revenue Office in Birgunj, Parsa. It is located in Chorni-2 and includes Plot Number 13 and Plot Number 15.
Plot Number 13 has an area of 33,175 square meters, while Plot Number 15 covers 28,095 square meters. Together, both plots make a total area of 61,270 square meters. The bank has set the minimum price for this land at Rs 57 Crore 57 Lakh 21 Thousand.
If the borrower does not pay the loan in the 35-day deadline, interested people or companies can submit sealed tenders. This bidding window will open from the 36th day to the 50th day after notice publication date. Bidders must submit their offers to respective branch office during office hours.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
