High Court Bars Investment Board’s CEO from Assuming Office

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High Court Bars Investment Board’s CEO from Assuming Office

August 12: Patan High Court has issued an interim order to the government not to execute its decision of appointing Sushil Bhatta as the CEO of Investment Board Nepal.

The high court also issued an interim order against the newly appointed CEO not to perform any work in the capacity of the investment board's CEO.

A single bench of chief judge of high court Nahakul Subedi ordered the government not to implement its decision until the next hearing on August 16.

Spokesperson of the high court, Shambhu Regmi, confirmed to New Business Age that both sides have been called for the next hearing on August 16.

Advocate Jaya Bahadur Bhujel had filed a writ petition on Monday challenging the appointment of Bhatta as the CEO of investment board. Bhujel argued that Bhatta lacks the experience required to be appointed the CEO of investment board.

Patan High Court has also asked the Nepal Bar Association to provide two senior lawyers as amicus curie as this case is of public interest.