Kathmandu. The ruling of the Supreme Court (SC) has disqualified the CEO and director of the bank which has been taken action against the regulator Nepal Rashtra bank bank. in November 2081 of the Supreme Court’s decision Full Text has gone into effect. As soon as the order for the implementation of the Supreme Court’s decision has been sent to the Rastra Bank, the Rastra Bank has already informed the various banks . With the implementation of the Supreme Court’s decision, some of the incumbent CEOs and directors of will also be disqualified, while some directors will also be disqualified.

Ruling on a writ petition filed by advocate and elected lawmaker from Kavrepalanchowk, Madhu Kumar Chaulagain, the Supreme Court hadruled that the Chief Executive Officer and Directors of the bank who are liable to any kind of penalty or penalty from the bank will be disqualified from holding office. During the day, the directive was directed to ensure mandatory compliance of the legal provisions regarding the disqualification of directors and officials of the bank and financial institutions, to carry out effective monitoring of the or not in the post of {{} and to write to the concerned bank to immediately remove the disqualified directors or {{} from the post ।

However, since the full text of the judgment was not received, the judgment was not implemented. Now, after the country received a letter from to the banks , the posts of , , CEO and directors are in trouble.

Judge Dr. In order to effectively implement this historic decision of the joint bench of Nahakul Subedi and Nripa Dhwaj Niraula, the Rastra has already sent a letter to the banks and {{} by issuing a ‘directive order’ in the name of } bank and financial institutions ।

The bank had been taking action against banks and financial and financial and for various illegal activities. The court referred to section 18(1)(e) and said that “a person who has not completed a period of 5 years from the time of taking action against the law by the regulatory body is disqualified from being a director or CEO ।

Rashtra Bank Dilemma

On the other hand, there seems to be a difference of opinion on this issue in the bank within the bank. Some are saying that the Supreme Court’s order should be implemented immediately, while the nation and some are saying that the implementation of the Supreme Court’s decision is not to remove the CEO and directors who are involved in such cases, but to take action against . It is understood that the point is to look at and implement the disqualification and not to be disqualified. 

BAFIA and Nation Bank The guidelines should be amended to disqualify the CEO directors and employees of the bank , while some are calling for the removal of the punished CEOs by immediately implementing the court order. There are.

On the other hand, lawmaker and advocate Madhu Chaulagain said that if the verdict is not implemented, it will be a contempt of court and the issue will be raised in the parliament.“After the court’s decision, all the CEOs and directors are disqualified. They should be removed from office immediately. “, Chaulagain said.

Here is the full text of the judgment: