The Supreme Court has issued an interim order not to immediately implement the provision of mandatory enlisting in the Social Security Fund.
A full bench of Justices Anil Kumar Sinha, Dr Kumar Chudal and Nahakul Subedi issued the interim order after hearing a writ petition filed by employees and unions of various banks including by Machhapuchche Bank Limited. The order came today after the two judges differed on the writ petition filed in the Supreme Court on July 25, seeking scrapping of the social security fund.
A joint bench of Justices Tej Bahadur KC and Bamkumar Shrestha was divided over the petition. In the case of the banking sector, using the authority delegated by Section 133 (1) of the Banking and Financial Institutions Act, 2016, which has been in force since before the enactment of the Labor Act, 2017 BS, the writ petition demands that the various facilities to be provided after appointment, leave and retirement should be managed by formulation regulations accordingly with the approval of Nepal Rastra Bank.
