Problematic Cooperative's Land to be Auctioned
Summary
The office of the Problematic Cooperative Management Committee has announced a 35-day sealed bid auction for land owned by Shri Laligurans Multipurpose Cooperative Institution Limited in Lalitpur District due to unsettled debts and penalties.
Key Points
- The Government of Nepal declared Shri Laligurans Multipurpose Cooperative Institution Limited problematic and placed it under management committee control.
- The cooperative failed to settle principal, interest, fines, and penalties despite official notices.
- A land plot in former Harisiddhi VDC Ward No. 5B, Lalitpur, is being auctioned with a minimum price set at 59 lakh rupees.
- Interested parties must submit sealed bids within 35 days, with bids below the minimum price being rejected.
