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Sacked NEPSE CEO files writ demanding reinstatement

NEPSE CEO Chandra Singh Saud

Kathmandu, July 13

Chief Executive Officer of Nepal Stock Exchange (NEPSE), Chandra Singh Saud, who has recently been sacked by a Cabinet decision to scrap all political appointments made by erstwhile Sher Bahadur Deuba-led government after August 30 last year, has filed a case at the Supreme Court demanding reinstatement.

Saud has been claiming that the decision does not apply to him as he was selected from an open competition.

It has been learned that the apex court will begin the hearing today itself or on Sunday.

After removing Saud from the position, the government has already assigned Finance Ministry Under Secretary Ramesh Aryal to lead NESPE.

Earlier, on Thursday, the Court had issued an interim order staying the sacking of Credit and Deposit Guarantee Fund CEO Bishnu Babu Mishra and Nepal Telecommunications Authority Chairman Digambar Jha.

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