Sunday, April 24, 2022

After SC order NRB Governor Adhikari to resume office today

Kathmandu, Apr. 19

The Supreme Court on Sunday issued an interim order in the name of the Prime Minister's Office asking the latter not to implement the decision to form an inquiry committee which automatically suspended Governor of the Nepal Rastra Bank (NRB) Maha Prasad Adhikari.

In its order, the SC said that the governor should be allowed to perform his responsibility. Citing the Nepal Rastra Bank Act, 2002, it said that the committee formed to conduct an investigation into Governor Adhikari was against the law.

The interim order issued by the single bench of Justice Hari Phuyal has paved the way for Adhikari to resume his duties until the final verdict.

Governor Adhikari had filed a writ petition at the SC against his suspension.

According to the Apex Court, the issue of governor's dismissal is related to the stability of the entire economy, NRB and monetary policy.

It has summoned both the parties to the court to explain their cases.

 Meanwhile, Governor Adhikari said that he would resume his office from Wednesday.

The government had formed an inquiry committee on the governor on April 8. 

Published in The Rising Nepal daily on 20 April 2022. 

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