KATHMANDU, DECEMBER 7
The Patan High Court has issued a temporary interim order, instructing the company registrar's office not to register the transfer of ownership of shares in the private telecommunication service provider company, Ncell.
A single bench of High Court Judge Purushottam Prasad Dhakal handed down the order today.
Meanwhile, the court has summoned both parties for a hearing on the dispute scheduled for December 11. Following the hearing, the court will decide whether to continue the interim order or issue another order.
Reportedly, Malaysian company Axiata sold 80 percent of its shares in Ncell to Spectralite UK Limited.
The order today is in response to a writ petition filed at the High Court by Gokul Bahadur Rokaya, demanding that the transaction of shares purchase and sale not be recognized.
