Saturday, January 19, 2008

SC Directs Nepal Telecom to Attend Hearing on Jan 21

Supreme Court on Friday directed Nepal Telecom to appear before it on Monday to discuss whether a stay order on the share announcement case should be issued.A single bench of Justice Min Bahadur Rayamajhi issued the order acting on a writ petition filed by advocates Jyoti Baniya and Ram Chandra Simkhada yesterday.They demanded that the telephone customers' deposits be converted to their shares and the remaining shares be then announced publicly. The lawyers filed the PIL after NTC turned down their demand.Advocate Laxman Thapaliya recently filed another petition challenging the share announcement.

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