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Alpine Law Associates is the leading full-service law firm encompassing a wide range of legal practices located in Kathmandu, Nepal. It consists of a team of the country's best lawyers, each with expertise in their respective fields, tailored to meet clients' specific needs.

Office Address

Anamnagar-29, Kathmandu

Phone Number

+977 9841114443

Email Address

[email protected]

Credit Law Nepal

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Blacklisting Process in Nepal: Legal Provisions, CIB Role, and Penalties

Blacklisting Process in Nepal: Legal Provisions, CIB Role, and Penalties

The blacklisting process in Nepal plays a crucial role in maintaining financial discipline, accountability, and transparency in the banking sector. Regulated by the Nepal Rastra Bank (NRB) and implemented by the Credit Information Bureau (CIB), this system identifies individuals and businesses who default on loans, issue dishonored cheques, or engage in fraudulent financial activities. Once blacklisted, parties face severe restrictions—limited access to loans, barred participation in government tenders, and loss of financial credibility. Guided by the Unified Directives of NRB, the Banking Offense and Punishment Act, 2064, and CIB Regulations, this legal framework safeguards Nepal’s banking institutions against financial risks. The system encourages responsible borrowing while protecting banks from bad debts and unethical practices. The article provides a comprehensive guide to the blacklisting grounds, process, penalties, and the significant role of NRB and CIB in stabilizing Nepal’s financial system.

  • July 21, 2025
Transaction Laws in Nepal: Legal Process, Debt Recovery, and Property Rights

Transaction Laws in Nepal: Legal Process, Debt Recovery, and Property Rights

Nepal’s transaction laws play a significant role in regulating financial exchanges, ensuring fairness, and safeguarding both debtors and creditors. The Muluki Civil Code, 2074 outlines the legal procedures for loan transactions, interest rates, repayment terms, and breaches of agreement. These laws stipulate that transactions involving cash or goods must be documented through formal agreements to gain legal recognition. This ensures that disputes can be resolved effectively in court. The article delves into the legal frameworks governing debt recovery, interest rates, and the process of managing defaults. It also highlights the role of the judiciary in handling transaction disputes and protecting financial rights. Furthermore, it covers property rights, including the conditions under which transactions involving property must be registered. This comprehensive guide offers clear insights into the legalities surrounding transactions in Nepal and how individuals can protect their financial interests.

  • July 22, 2025
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