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Supreme Court Orders Not to Cancel the Appointment Process of the Chairman of the Securities Board

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Supreme Court Orders Not to Cancel the Appointment Process of the Chairman of the Securities Board

Chairman Appointment Process:

The Supreme Court has issued a temporary interim order not to cancel the appointment process of the Chairman of the Nepal Securities Board.

The recommendation committee had decided to cancel the process after three candidates were absent from the interview.

Writ Petition:

Santosh Narayan Shrestha filed a writ petition in the Supreme Court, demanding the cancellation of the recommendation committee's decision.

He argued that there was no legal basis to cancel the process as per the legal provisions.

Hearing:

In the writ petition, the Prime Minister's Office, Ministry of Finance, Attorney General's Office, and the recommendation committee were made respondents.

The hearing was held in the bench of Justice Abdul Aziz Musalman at the Supreme Court.

The court asked for written responses from the respondents and summoned both parties for a discussion regarding the interim order.

Order:

The Supreme Court issued a temporary interim order not to cancel the chairman selection process.

This information was provided by Supreme Court spokesperson Govinda Prasad Ghimire.

Details of the Appointment Process:

After the recommendation committee, formed on 4th Magh 2080, called for applications for the chairman, 19 people applied.

Five candidates were shortlisted and called for presentations and interviews.

Only Santosh Narayan Shrestha and Muktinath Shrestha were present.

The absent candidates were Dr. Navaraj Adhikari, Chiranjibi Chapagain, and Krishna Bahadur Karki.

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