SC orders govt not to immediately cancel the process of appointing Sebon chief

The Supreme Court on Tuesday issued a short-term interim order directing the government not to immediately cancel the process of appointing the chairman of the Securities Board of Nepal (Sebon).

A single bench of Justice Abdul Ajij Musalman issued a short-term interim order and called both sides on July 5 for discussion.

The bench has demanded written clarification from the defendants.

The Recommendation Committee decided to scrap the process after three out of five candidates shortlisted for the post of chairperson did not appear in the interview.

Santosh Narayan Shrestha, who was shortlisted for the post of chairman, had filed a writ at the apex court demanding to annul the decision.

The Recommendation Committee had received 19 applications for the post of chairman.

Among them, the Committee had shortlisted five names.