Kathmandu. The interim order given by the Supreme Court after the government repealed the law prohibiting profit exceeding 20 percent did not continue. On Wednesday, a joint bench of Justices Til Prasad Shrestha and Bal Krishna Dhakal refused to continue the interim order.
Senior chartered accountant Bheshraj Luitel had filed a case alleging that the government had repealed the law against the rights and interests of the deputy advocates. A single bench of Justice Saraga Subedi had issued an interim order in that case on Baisakh 10 along with a show cause order.
The court had summoned both parties to discuss the case on Wednesday. Government lawyers were present on behalf of the government, while Bheshraj Lohoni, who filed the case, was present to argue. After discussing with both parties, the judges refused to issue an interim order.
The judges argue that since Parliament has the right to make laws, there is no need to issue an interim order immediately. Now the government will have to submit a written response by Baisakh 25. After the government’s written response, the court will proceed with further proceedings.
The Black Market and Certain Other Social Offenses and Punishment Act, 2032, was published in the Nepal Gazette on 2081/09/29 through an ordinance and on 2081/11/21, Section 3(1) amended the provision that no more than 20% profit could be taken. The ordinance has been passed by the House of Representatives and the National Assembly on 2081/11/22.
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