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Supreme Court orders Reliance Spinning Mills not to halt IPO

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Kathmandu. The Supreme Court has ordered not to stop the IPO of Reliance Spinning Mills. A division bench of Justices Til Prasad Shrestha and Bal Krishna Dhakal issued the final order on Friday.

Khagendra Raj Kandel, general secretary of Nepal Share Market Investors Association, had filed a writ petition at the apex court on December 7. However, Supreme Court Registrar Man Bahadur Karki had ordered the hearing of the case on May 23. The writ petition was filed on the 26th after the petition reached the bench against the order of the court.

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