SC hauls up FIs, banks on contempt charge

Issuing show cause notices, the Supreme Court has summoned the banks and financial institutions (FIs) which had sought the HoR to impeach the SC judges who had given a ruling removing Mahaluxmi Mills from the blacklist of bank defaulters himalaya times reports .Based on a joint complaint filed by the banks and FIs and its investigations, the Public Accounts Committee on Sunday had decided to recommend to the House of Representatives to start the process of impeachment of the judges.

The banks received the court notice today. The notices were issued on September 19. The notice directs the Nepal Bank Limited, the Rastriya Banijya Bank, the Employees’ Provident Fund, the Nepal Industrial and Development Corporation, the Himalayan Bank to clarify why they were involved in a contempt of court action. The Kantipur Publications Private Limited is also one of the defendants in the contempt of court case.

A single bench of Justice Gauri Dhakal issued the order giving seven days’ time to clarify.“We got the court notice today,” Employees’ Provident Fund’s legal advisor Prakash Osti said. According to Judicial Administration Act, 1990, and the Supreme Court Act, 1990, a jail term of one year or a fine of Rs 10, 000 or both can be imposed by the SC on grounds of contempt of the apex court.