Supreme Court upholds stay order on Nepal Rastra Bank (NRB) Governor’s suspension

Kathmandu: In a relief to Nepal’s Central Bank Governor Maha Prasad Adhikari, the Supreme Court on Friday upheld its earlier interim order that stayed the government’s decision to suspend him and allowed him to return to work.

Governor Adhikari was suspended by a Cabinet decision on April 8 for allegedly failing to perform his duty after he had some differences with Finance Minister Janardan Sharma.

A two-member joint bench of the Supreme Court on Friday issued the verdict in favour of Governor Adhikari after three days of continuous hearing on a writ petition filed by him.

The court also questioned the formation of the probe committee set up by the government to inquire into the alleged irregularities by the Governor.

With the issuance of the verdict, the way has been cleared for the Governor to return to his duty.