Nepal Trust evacuates Kathmandu Plaza, two business enterprises sealed

Published On: April 15, 2021 02:14 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 15:  Nepal Trust on Thursday evacuated the Kathmandu Plaza building in the capital. 

According to Dr Bhishma Kumar Bhusal, joint-secretary at the Office of the Nepal Trust, the building was emptied as the final warning it had issued earlier on April 8 expired on Tuesday, this week.

The Trust had stated that the Concept Developers Pvt Ltd, which had signed a lease contract with the office, was repeatedly ignoring the notice sent via post and the notice published in the national newspapers and electronic media. The Trust office also said that the Company had even ignored the notice pasted on the building premises. 

Talking to Republica over the phone, Bhusa added that the shops of two business entities were sealed while those transferring their belongings from the building have been allocated a maximum of three days to vacate the space. 

Muktinath Development Bank, which has its head office in the building, will, however, vacate the space a little later. “Following a special request received from the Nepal Rastra Bank, we’ve given a few more days to the bank to vacate the building,” Bhusal added. 

Jyoti Development Bank, which is also leaving the building, has been granted four more days to complete the evacuation. 

The Concept Developers Limited continued to occupy the building even as the term of the lease contract expired on June 16 last year.

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