Tuesday 23rd April 2024
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Tuesday 23rd April 2024
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गृहपृष्ठNepalRefusing to continue stay order, Patan High Court clears way for Bhatta to work as Investment Board’s CEO

Refusing to continue stay order, Patan High Court clears way for Bhatta to work as Investment Board’s CEO


KATHMANDU-  The Patan High Court has vacated its earlier short-term stay order against the government on the recent appointment of Investment Board of Nepal’s CEO, paving the way for the newly appointed IBN’s CEO Sushil Bhatta to start his new assignment.   

A joint bench of judge Ishwor Raj Acharya and Thakur Prasad Poudel has decided not to continue the earlier short-term stay order issued by a single bench of Chief Judge Nahakul Subedi.

Earlier on Tuesday, the single-bench led by Subedi had ordered the government not to implement its decision of the appointment and allow Bhatta to carry out any work as the Investment Board’s CEO until Sunday. The short-term interim order had not only blocked Bhatta from starting his work in the capacity of the IBN CEO, but also made the fate of the government appointment uncertain.

However, the high-court today refused to continue its interim order following a hearing between both sides of petitioners and defendants.

The order of the High Court on Sunday states that there was no need to continue the interim stay order against the government, citing that the newly appointed CEO Bhatta has already received the appointment letter from the government and assumed the office.

Now, the order will clear the legal decks for Bhatta to work as the CEO from Monday.





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