Short-term interim order to stop registration of traded Ncell shares

The Patan High Court has issued a short-term interim order to stop registration of the traded shares of telecommunication company Ncell.

The bench of Judge Purushottam Prasad Dhakal on Thursday has ordered the Office of the Company Registrar to not register the traded Ncell shares until December 11 pointing that the Public Accounts Committee of the House has urged the government to procure the shares, the prime minister has instructed for study of the episode and the Nepal Telecommunications Authority had written to the company to seek permission before trading the shares.