Swabalamban Laghubitta Bittiya Sanstha Limited has put a hold on the decisions of its 488th board meeting following a short-term interim order from the Supreme Court.
Swabalamban Laghubitta Bittiya Sanstha Limited has announced that it will not implement the major decisions made during its board of directors’ 488th meeting. The microfinance company took this step to comply with the short-term interim order issued by the Supreme Court of Nepal.
Decisions Kept on Hold
To address the court’s order, the company called its 489th board of directors meeting on Shrawan 12, 2083 B.S. at 8:00 AM. This meeting decided that the Decision Number 4(a) made during the 488th board meeting on Shrawan 6, 2083 B.S. will not be implemented for now. The board also decided that all the works and activities started based on that decision will be stopped and kept in status quo.
The company clarified that this action was taken strictly according to the short-term interim order of the honorable Supreme Court. The microfinance company also shared in notice that they will carry out all further process according to the court’s direction until next order is received from the Supreme Court.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
