KATHMANDU: The Supreme Court (SC) has issued an interim order in favor of businessman Sudhir Basnet facing charges of embezzling millions of rupees from a cooperative.
A bench of Justice Purushottam Bhandari ruled that an interim order would be issued.
In the first hearing of Basnet’s writ, the apex has asked not to implement the decision to auction his property. Basnet had moved the court seeking an interim order on November 20.
After failing to repay Rs 200 million loans taken by Basnet, the operator of Oriental Co-operative Limited, NIC Asia Bank had begin the auction process for his land in Dhapasi.
Comment