Judge Binod Sharma hearing writ against Ncell share purchase


December 11, 2023


Judge Binod Sharma hearing writ against Ncell share purchase

Supreme Court of Nepal at Ramshahpath in Kathmandu/File Photo

KATHMANDU: The legal challenge brought forth by Member of the House of Representatives, Amresh Kumar Singh, concerning the sale and purchase of Ncell shares, a private telecommunications company, has been assigned to Judge Binod Sharma’s bench in the Supreme Court.

Last Friday, lawmaker Singh registered a writ petition, and despite the payment being stipulated, yesterday, during the session presided by Judge Kumar Regmi, the execution of the payment was not examined.

Singh’s writ alleges that the shares were traded in a non-transparent manner, circumventing Nepal’s legal processes and causing detriment to the state.

The petition has urged the SC not to recognize the purchase and sale of Ncell shares.

The respondents in the writ include the Office of the Prime Minister and the Council of Ministers, the Ministry of Communications and Information Technology, the Nepal Telecommunications Authority, the Office of the Registrar of Companies, the Internal Revenue Department, and Ncell.