Sherchan, a former British Gurkha who aimed at reclaiming the crown of oldest climber to ascend the 8,848-meter peak, died at 5:14 PM local time while climbing, the Himalayan Times reported, citing multiple sources at the Mount Everest base camp, which is more than 5,000 metres above sea level.
He had left Kathmandu on April 16 to scale the peak. But the former soldier could not fulfil his dream to regain his lost title of being the oldest climber to scale the Everest.
Five years later, his record was broken by an 80-year-old Japanese national Yuichiro Miura.
Earlier, Sherchan had made an attempt to scale the Everest in 2015 but could not make it due to the avalanches triggered by the great earthquake.
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"I want to be the oldest person to scale Everest again to be an inspiration for people around the world," Sherchan had told reporters at his home last month prior to his expedition.
He was climbing the Everest for the cause of the world peace and to protect Earth, besides winning back the record, his campaign coordinator Jit Bahadur Gharti Magar had said.