Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Supreme Court (SC) has ordered the government to halt Nepal Airlines Corporation’s privatization process.
On Sunday, a bench of Justice Kumar Regmi issued a temporary interim order to the government to pause the NAC privatization process.
Advocate Atish Karki had filed a writ petition in the Supreme Court to stop the government’s preparations to privatize the airline.
Last time, the committee chaired by Sushil Ghimire had submitted a report to the government with suggestions to privatize the airline corporation. The government had formed the committee on September 18, 2019. The committee report suggested transforming the corporation into a company and maintain a 51 percent share of the government.
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