SC issues show cause notice on writ against Ncell share buyout
The Supreme Court on Tuesday issued a show cause notice on the writ filed by House of Representatives independent lawmaker Amresh Kumar Singh against the Ncell share buyout.
Hearing the petition filed by Singh on December 6, Justice Prakash Man Singh issued such order.
Issuing a show cause notice, a single bench of Justice ordered both sides to be present on January 1 for discussion.
Singh had filed a writ petition demanding that the efforts of Malaysian company Axiata to sell its shares in the Nepal-based telecom company Ncell be halted at the earliest.
In the writ, he demanded a mandamus order not to give recognition to the agreement to sell 80 percent shares of Ncell by maintaining low value, violating Nepal’s rules and regulations.
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